AUX Electric Co., Ltd. — Proxy Solicitation & Information Statement 2026

Apr 28, 2026

AUX 奥克斯
AUX ELECTRIC CO., LTD.
奥克斯电气有限公司
(Incorporated under the laws of the Cayman Islands with limited liability)
(Stock Code: 2580)

FORM OF PROXY FOR USE AT ANNUAL GENERAL MEETING

I/We (Name) ________ (Block capitals, please) of
(Address) ________ being the holder(s)
of ________ (see Note 1) shares of US$0.000005 each in the capital
of Aux Electric Co., Ltd. (the “Company”) hereby appoint (Name) ________
of
(Address) ________ or
failing his/her (Name) ________ of
(Address) _________
or failing him/her, the chairman of the meeting (see Note 2) as my/our proxy to attend and vote for me/us and on my/our behalf at the Annual General Meeting of
the Company to be held at No.1166 Mingguang North Road, Jiangshan Town, Yinzhou District, Ningbo, Zhejiang Province, PRC on Friday, June 5, 2026 at
2:00 p.m. and at any adjournment thereof or on any resolution or motion which is proposed thereat. My/our proxy is authorized and instructed to vote as indicated
(see Note 3) in respect of the undermentioned resolutions:

Ordinary Resolutions (see Note 3)		For	Against
1.	To receive, consider and adopt the audited consolidated financial statements of the Company and its subsidiaries and the reports of the directors of the Company (the “Directors”) and auditors of the Company for the year ended December 31, 2025.
2.	Each, as a separate resolution:
	(a) To re-elect Mr. ZHENG Jianjiang as an executive Director;
	(b) To re-elect Mr. XIN Ning as an executive Director;
	(c) To re-elect Mr. ZHENG Jiang as a non-executive Director;
	(d) To re-elect Mr. HE Xiwan as a non-executive Director;
	(e) To re-elect Ms. LI Jian as a non-executive Director;
	(f) To re-elect Mr. XIANG Wei as an independent non-executive Director;
	(g) To re-elect Dr. JING Xian as an independent non-executive Director;
	(h) To authorise the board of Directors (the “Board”) to fix their remuneration.
3.	To elect Ms. TANG Mei Shan as an independent non-executive Director and authorise the Board to fix her remuneration.
4.	To re-appoint Ernst & Young as the auditors of the Company and authorise the Board to fix their remuneration.
5.	(A) To give a general and unconditional mandate to the Directors to allot, issue and deal with (including any sale or transfer of treasury shares out of treasury) additional shares not exceeding 20% of the number of issued shares of the Company (excluding treasury shares, if any) as at the date of passing of the relevant resolution.
	(B) To give a general and unconditional mandate to the Directors to repurchase shares not exceeding 10% of the number of issued shares of the Company (excluding treasury shares, if any) as at the date of passing of the relevant resolution, and to determine such repurchased shares shall be held as treasury shares or cancelled.
	(C) Conditional upon resolutions 5(A) and 5(B) being passed, the general and unconditional mandate granted to the Directors to allot, issue and deal with (including any sale or transfer of treasury shares out of treasury) additional shares of the Company pursuant to resolution 5(A) be extended by the addition thereto of a number of shares representing the aggregate number of shares of the Company repurchased by the Company under the authority granted pursuant to resolution 5(B).
6.	To declare a final dividend of RMB1.06 per share for the year ended December 31, 2025.

Dated this __ day of __ 2026
Signature(s): _________ (see Note 6)

Notes:
1. Please insert the number of shares registered in your name(s); if no number is inserted, this form of proxy will be deemed to relate to all the shares in the capital of the Company registered in your name(s).
2. A member may appoint more than one proxy of his/her own choice. If such an appointment is made, please strike out the words "or failing him/her, the chairman of the meeting", and insert the name(s) of the person(s) appointed as proxy in space provided. Any alteration made to this form of proxy must be initialed by the person who signs it.
3. IMPORTANT: IF YOU WISH TO VOTE FOR ANY RESOLUTION, PLEASE TICK THE BOX MARKED "Fee". IF YOU WISH TO VOTE AGAINST ANY RESOLUTION, PLEASE TICK THE BOX MARKED "Against". Failure to tick a box will entitle your proxy to cast your vote at his/her discretion. Your proxy will also be entitled to vote at his/her discretion on any resolution properly put to the meeting other than those referred to in the notice convening the meeting.
4. If the appointor is a corporation, this form must be under common seal or under the hand of an officer, attorney, or other person duly authorised on that behalf.
5. Any vote in respect of the resolutions to be put forward for consideration at the meeting will be taken by poll.
6. In the case of joint holders, the signature of any one holder will be sufficient but the names of all the joint holders should be stated. Where there are joint holders of any share of the Company, any one of such joint holders may vote at the meeting, either in person or by proxy, in respect of such share as if he/she were solely entitled thereto, but if more than one of such joint holders be present at the meeting, whether in person or by proxy, that one of the said persons so present whose name stands first on the register of members in respect of such share shall alone be entitled to vote in respect thereof.
7. In order to be valid, this form of proxy together with the power of attorney or other authority (if any) under which it is signed, or a notarially certified copy of each power of attorney authority, must be deposited at the Company's branch share registrar in Hong Kong, Tricor Investor Services Limited, at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong, not less than 48 hours before the time for holding the meeting (i.e. at or before 2:00 p.m. on Wednesday, June 5, 2026 (Hong Kong time)) or any adjournment thereof. The completion and return of the form of proxy shall not preclude shareholders of the Company from attending and voting in person at the above meeting (or any adjourned meeting thereof) if they so wish.
8. Treasury shares, if any and registered under the name of the Company, shall have no voting rights at the general meeting(s) of the Company. For the avoidance of doubt, solely from the perspective of the Listing Rules, the Company shall, upon depositing any treasury shares in the CCASS, abstain from voting at any of its general meeting(s) in relation to those shares.