Capital VC Limited (Stock Code: 02324) announced the results of its Extraordinary General Meeting (EGM) held on 21 October 2025. According to the poll, all proposed resolutions were duly passed.

The approved special resolution involves a capital reorganisation, including reducing the par value of each issued share from HK$0.25 to HK$0.01 and increasing the number of authorised but unissued shares to 20,000,000,000. The resolution also allows applying the credit arising from this reduction toward offsetting accumulated losses.

An ordinary resolution concerning the issuance of up to 450,128,249 Rights Shares under the proposed Rights Issue at a subscription price of HK$0.12 per share was similarly passed. Due to listing rule requirements, certain shareholders, including one executive director who held approximately 0.61% of the total issued share capital, abstained from voting on the Rights Issue.

At the date of the EGM, the company had 450,128,249 shares in issue, and 447,378,249 shares were entitled to vote on the Rights Issue resolution once the relevant shareholder abstentions took effect. The meeting was overseen by an appointed scrutineer to ensure the integrity of the vote-taking process.