Time Interconnect Technology Limited disclosed that it issued 5,000 new ordinary shares on 19 August 2026 pursuant to a share award/option granted on 24 July 2023 to a participant who is not a director. The shares were issued at HK$1.506 each, implying total proceeds of approximately HK$7,530.
Before the transaction, the company had 2.23 billion issued shares. The new allotment represents a marginal 0.001 % increase in the share base, taking the total issued shares (excluding treasury shares) to 2.23 billion (2,233,324,404 shares). No treasury shares were held or cancelled, and there were no share repurchases or on-market disposals reported.
The board confirmed that the share issuance complied with all relevant Hong Kong Stock Exchange listing rules and regulatory requirements.