Shanxi Installation Group Co., Ltd. — Proxy Solicitation & Information Statement 2025

Apr 28, 2025

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this notice.

Shanxi Installation Group Co., Ltd.

山西省安裝集團股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 2520)

NOTICE OF THE 2024 ANNUAL GENERAL MEETING

NOTICE IS HEREBY GIVEN that the 2024 annual general meeting (the "AGM") of Shanxi Installation Group Co., Ltd. (the "Company") will be held at 3:00 p.m. on Monday, May 19, 2025 at the Conference Room, East Side, 2/F, Shanxi Installation Office Building, No. 8 Xinhua Road, Shanxi Transformation and Comprehensive Reform Demonstration Zone, Shanxi Province, PRC for the purpose of considering, and if thought fit, passing the following resolutions. Unless otherwise indicated, capitalized terms used herein shall have the same meanings as defined in the circular of the Company dated April 28, 2025.

ORDINARY RESOLUTIONS

1. To consider and approve the Resolution on the 2024 Annual Report of Shanxi Installation Group Co., Ltd.;
2. To consider and approve the Resolution on the 2024 Financial Report of Shanxi Installation Group Co., Ltd.;
3. To consider and approve the Resolution on the 2024 Work Report of the Board of Directors of Shanxi Installation Group Co., Ltd.;
4. To consider and approve the Resolution on the 2024 Work Report of the Board of Supervisors of Shanxi Installation Group Co., Ltd.;
5. To consider and approve the Resolution on the 2024 Profit Distribution Proposal of Shanxi Installation Group Co., Ltd.;

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1. To consider and approve the Resolution on the 2024 Remuneration of Directors and Supervisors of Shanxi Installation Group Co., Ltd.;
2. To consider and approve the Resolution on the 2025 Credit Facilities Guarantees Proposal of Shanxi Installation Group Co., Ltd.;
3. To consider and approve the Resolution on the Proposed Grant of General Mandate to Issue Corporate Bonds;
4. To consider and approve the Resolution on the Re-appointment of Auditor for the Year 2025 and Fixing the Auditors' Fees for the Year 2024 of Shanxi Installation Group Co., Ltd.;
5. To consider and approve the Resolution on the 2025 Financial Budget and Donation Expenditure Proposal of Shanxi Installation Group Co., Ltd.;
6. To consider and approve the Resolution on the 2025 Investment Proposal of Shanxi Installation Group Co., Ltd.; and
7. To consider and approve the Resolution on the Provision of IDCOL Guarantee to Envision Enterprise by Shanxi Installation Group Co., Ltd.

By order of the Board
Shanxi Installation Group Co., Ltd.
山西省安裴集團股份有限公司
Mr. Wang Limin
Chairman and Executive Director

Shanxi, the PRC,
April 28, 2025

Notes:

1. The register of members of the Company's H shares will be closed from May 13, 2025 to May 19, 2025 (both days inclusive), during which period no transfer of H shares will be effected. In order for Shareholders to be qualified to attend and vote at the AGM, all transfer documents accompanied by the relevant share certificates must be lodged with the H Shares registrar of the Company, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong, no later than 4:30 p.m. on May 12, 2025 for registration.

The Shareholders whose names appear on the register of members of the Company's H shares on May 19, 2025 are entitled to attend and vote at the AGM.

1. Shareholders who are entitled to attend and vote at the AGM may appoint one or more proxies to attend and vote on their behalves. A proxy need not be a Shareholder.

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1. The instrument appointing a proxy must be in writing under the hand of a Shareholder or his attorney duly authorised in writing. If the Shareholder is a legal person, that instrument must be executed either under its seal or under the hand of its director or other attorney duly authorised to sign the same on its behalf.

2. In order to be valid, the proxy form must be deposited, for Shareholders, to the H Shares registrar of the Company, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong not less than 24 hours before the time for holding the AGM. If the proxy form is signed by a person under a power of attorney or other authority, a notarized copy of that power of attorney or other authority shall be deposited at the same time as mentioned in the proxy form. Completion and return of the proxy form will not preclude the Shareholders from attending and voting in person at the AGM or any adjourned meetings should they so wish.

3. Shareholders shall produce their identification documents and supporting documents in respect of the shares of the Company held when attending the AGM. If corporate Shareholders appoint authorised representative to attend the AGM, the authorised representative shall produce his/her identification documents and a notarized copy of the relevant authorisation instrument signed by the board of directors or other authorised parties of the corporate shareholders or other notarized documents allowed by the Company. Proxies shall produce their identification documents and the proxy form signed by the Shareholders or their attorney when attending the AGM.

4. The AGM is expected to take for less than half a day. Shareholders attending the AGM shall be responsible for their own travel and accommodation expenses.

5. All voting at the AGM will be conducted by poll.

6. References to times and dates of this notice are to Hong Kong times and dates

This notice (in both English and Chinese versions) is available on the Company's website at www.sxaz.com.cn.

Shareholders may request for printed copy of the circular free of charge or change their choice of means of receipt and language of the Company's corporate communications by sending reasonable notice in writing to the Company's H Shares registrar, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wan Chai, Hong Kong or by sending an email to sxaz.ecom@computershare.com.hk.

Shareholders who have chosen to receive the Company's corporate communications in either English or Chinese version will receive both English and Chinese versions of this notice since both languages are bound together into one booklet.

As at the date of this notice, the Board comprises: (i) Mr. Wang Limin, Mr. Ren Rui and Mr. Zhang Yan as executive directors, (ii) Mr. Xu Guanshi, Mr. Zhang Hongjie, Mr. Mu Jianwei and Mr. Feng Cheng as non-executive directors; and (iii) Mr. Wang Jingming, Professor Wu Qiusheng, Ms. Shin Chuck Yin and Mr. Guo He as independent non-executive directors.

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