Texxon Holding Limited to Hold Annual General Meeting

(SeaPRwire) –   SHANGHAI, China, April 23, 2026 — Texxon Holding Limited (Nasdaq: NPT) (the “Company” or “Texxon”), a leading provider of supply chain management services for the plastics and chemical industries in East China, has today announced plans to convene its 2026 Annual General Meeting of Shareholders (the “2026 Annual Meeting”) at 9:00 A.M. on May 22, 2026 (Beijing time), which corresponds to 9:00 P.M. on May 21, 2026 (U.S. Eastern time). The 2026 Annual Meeting will be held as a virtual event, and shareholders may opt to attend and participate via a live webcast at the following link: www.virtualsharehokfermeeting.com/NPT2026.

The Company has set the close of business on April 23, 2026 (Eastern Time) as the record date (referred to as the “Record Date”) to determine which shareholders are entitled to receive notice of and vote at the 2026 Annual Meeting, as well as any adjournments or postponements of the meeting. During the 2026 Annual Meeting, shareholders will be asked to consider the following proposals:

     (1)   Reappoint Hui Xu, Bo Ren, Lei Qin, Kang Zhou, and Wei Li as directors of the Company to serve on the Company’s board of directors (the “Board”) until the next annual general meeting of shareholders, or until their positions are vacated or removed for other reasons;

     (2)   Approve and adopt the Texxon Holding Limited 2026 Equity Incentive Plan;

     (3)   Ratify the appointment of ZH CPA, LLC as the Company’s independent auditor for the fiscal year ending June 30, 2026;

     (4)   Approve a subdivision of the Company’s ordinary shares, with a ratio ranging from no less than 1-to-1 to no more than 1-to-5. The final ratio will be determined by the Board at its sole discretion at any time within one year following the 2026 Annual Meeting, subject to shareholder approval (the “Share Split”);

     (5)   Amend and restate the Company’s current memorandum and articles of association to reflect the Share Split, should it be implemented by the Board;

     (6)   Approve a consolidation of the Company’s ordinary shares, with a ratio of no less than 1-to-1 and no more than 20-to-1. The final ratio will be decided by the Board in its sole discretion at any point within one year of the 2026 Annual Meeting, provided the proposal is approved by shareholders (the “Share Consolidation”); and

     (7)   Amend and restate the Company’s memorandum and articles of association to incorporate the Share Consolidation, if implemented by the Board.

The Company intends to file the notice and proxy statement for the 2026 Annual Meeting with the Securities and Exchange Commission on or around April 28, 2026. Once available, copies of these documents will be accessible on the Company’s corporate investor relations website at https://ir.npt-cn.com/.

About Texxon Holding Limited

Texxon Holding Limited is a top provider of supply chain management solutions for the plastics and chemical sectors in East China. Through its technology-enabled platform, the Company offers a comprehensive suite of services to Chinese SME customers, including procurement, shipping and logistics, payment processing, and fulfillment services. It aims to build China’s largest one-stop supply chain management platform for plastic and chemical raw materials, streamlining the complex and labor-intensive raw material procurement process while enhancing convenience, cost-effectiveness, and efficiency for its clients. Texxon has developed a highly scalable distributed software architecture to support continuous improvement, along with an effective User Experience Design (UED) process to elevate customer satisfaction. Additionally, with over a decade of industry experience, the Company has accumulated substantial transaction data—including supplier and customer information, price trends, category-specific price indexes, and market demand volumes—to analyze market dynamics and make informed decisions. For more information, visit the Company’s website: https://ir.npt-cn.com/.

Forward-Looking Statements

This announcement contains certain forward-looking statements, including (but not limited to) those regarding the expected timeline, commissioning, and production of the Henan Polystyrene Factory. These forward-looking statements are subject to known and unknown risks and uncertainties related to market conditions and other factors discussed in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the fiscal year ended June 30, 2025, filed with the U.S. Securities and Exchange Commission. They are based on the Company’s current expectations and projections about future events that it believes may impact its financial condition, operational results, business strategy, and financial needs. Investors can identify many (though not all) of these statements through terms like “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or similar expressions in this announcement. The Company does not undertake any obligation to publicly update or revise forward-looking statements to reflect subsequent events, circumstances, or changes in expectations, except as required by law. While the Company believes the expectations in these forward-looking statements are reasonable, it cannot guarantee they will be realized. The Company cautions investors that actual results may differ materially from anticipated outcomes and encourages them to review other factors affecting future results in the Company’s latest Annual Report on Form 20-F and other SEC filings.

For further inquiries, please contact:

Texxon Holding Limited

Investor Relations Department
Email: ir@totrade.cn

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com