Details of issuance or disposal
Capital reduction and subdivision of unissued shares
The number of issued shares will remain unchanged. Each authorised but unissued ordinary share, preference share and subordinated share with a par value of HK$0.1 will be subdivided into 100 shares with a par value of HK$0.001 each.
No change
0% (no change in the total number of issued shares or shareholding ratios)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
| Item | Details |
|---|---|
| Type of issuance or disposal | Capital reduction and subdivision of unissued shares |
| Number of shares to be issued or disposed of | The number of issued shares will remain unchanged. Each authorised but unissued ordinary share, preference share and subordinated share with a par value of HK$0.1 will be subdivided into 100 shares with a par value of HK$0.001 each. |
| Dilution Rate | 0% (no change in the total number of issued shares or shareholding ratios) |
| Total number of issued shares | No change |
| Stock Split Ratio | Each authorised but unissued share with a par value of HK$0.1 will be subdivided into 100 shares with a par value of HK$0.001 each, after the capital reduction takes effect. |
| Procedures under the Corporate Code of Conduct | Approval by special resolution at the annual general meeting scheduled for December 2026, the directors' signing of a solvency statement, and the filing of a copy of the statement and the particulars with the Registrar of Companies of the Cayman Islands |
| Impact on Business Performance | No impact on business performance is expected. |
Items this document does not state (21)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.To offset accumulated losses, increase flexibility in the use of future dividends and distributable reserves, and increase flexibility in setting the issue price of future new shares.