Hong Kong – 27 May 2026 – Dufu Liquor Group Limited announced a major capital reorganisation that cut its outstanding ordinary shares by 90%, from 1.29 billion to 129.47 million.

The restructuring, effective 27 May 2026, comprised: 1. Share Consolidation – every ten existing shares of HK$0.10 par value were consolidated into one share of HK$1.00. 2. Capital Reduction – the par value of each consolidated share was reduced from HK$1.00 to HK$0.01, cancelling HK$0.99 of paid-up capital per share. 3. Share Sub-division – each authorised but unissued HK$1.00 share was subdivided into 100 new shares of HK$0.01 par value. 4. Share Premium Reduction – the entire share premium account balance was written down to zero.

The consolidation removed 1.17 billion shares from issue, leaving 129.47 million shares in circulation. No treasury shares were outstanding before or after the transaction, and the company reported no share repurchases or on-market sales of treasury shares.

The board confirmed that all requisite approvals and regulatory filings under Hong Kong Stock Exchange Main Board Rules have been completed.