Winshine Sci (00209) has announced that its board of directors proposes to change the company's English name from "WINSHINESCIENCE COMPANY LIMITED" to "POLY XVERSE INTELLIGENT TECHNOLOGY CO. LTD" and adopt "Hong Kong Polyverse Intelligent Technology Co., Ltd." as its new Chinese secondary name, replacing the current Chinese name "Winshine Science Limited," which is used for identification only and has not been registered with the Registrar of Companies.

The board also recommends updating the existing general mandate to authorize the directors to allot, issue, and deal with new shares not exceeding 20% of the company's issued share capital as of the date the relevant resolution is passed at the extraordinary general meeting.

The share option scheme permits the company to grant options to subscribe for up to 14.5357 million shares, equivalent to 10% of the issued share capital as of the date of the 2024 EGM.

Since the adoption of the share option scheme on November 19, 2024, the company has not granted any options.

Following the completion of a rights issue in January 2026, the number of issued shares increased substantially to approximately 1.486 billion shares.

Consequently, the board seeks to update the authorization limit under the share option scheme to reflect the increase in the total number of shares available for issuance.

The update to the share option scheme authorization limit is subject to approval by shareholders at the forthcoming extraordinary general meeting.