China Lit Trims Share Count by 3.07 Million in September; 4.20 Million Additional Shares Await Cancellation

Bulletin Express
10/02

China Literature Limited (China Lit) reported a net reduction of 3.07 million ordinary shares during September 2026, bringing its issued share capital to 1.01 billion shares as of 30 September. The company’s authorised share capital remained unchanged at 10 billion shares with a par value of USD 0.0001 each.

Key takeaways:

1. Issued Share Movement • Opening balance (31 August 2026): 1.02 billion shares • Shares cancelled on 7 September (repurchased earlier): 3.07 million • Closing balance (30 September 2026): 1.01 billion shares The monthly share cancellation represents a 0.30 % contraction in the share base.

2. Share Repurchases • Cancelled: 3.07 million shares repurchased at an average HKD 20.2565 per share, implying an outlay of roughly HKD 62.27 million. • Pending cancellation: 4.20 million shares bought back between 2 and 28 September at an average HKD 19.9228 per share, equating to about HKD 83.68 million. These shares were not yet cancelled as at 30 September.

3. Public Float and Treasury Position • No treasury shares were held at month-end. • The minimum 25 % public-float requirement under Hong Kong Listing Rules was satisfied.

4. Share Option Scheme • Outstanding options fell marginally to 9.45 million after 8,506 options lapsed. • No options were exercised; therefore, no new shares were issued and no treasury shares were transferred. • The outstanding options, if fully exercised, could add up to 0.93 % to the current share base.

China Lit’s continued buyback activity—totaling 7.27 million shares in September—signals an ongoing capital-management focus. Market participants will monitor subsequent filings to confirm cancellation of the 4.20 million shares presently held for retirement and to assess any future impact on earnings per share and capital structure.

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