KuangChi Science Limited (Stock Code: 439) announced a proposed change of name from “KuangChi Science Limited” to “Genesis Scale Holdings Limited” and the adoption of “瀚源控股有限公司” as its secondary Chinese name, subject to shareholder approval and the Registrar of Companies in Bermuda granting approval.

The company also outlined a proposal to adopt a new share option scheme, following the expiry of its 2012 Share Option Scheme in July 2022. Under the proposed new scheme, the maximum number of shares issuable upon the exercise of all granted options will not exceed 10% of the total number of shares in issue on the date of its approval. Key provisions include a vesting period generally set at 12 months, an exercise price determined by the highest of the closing price on the offer date, the average closing price over the preceding five trading days, or the nominal value of the shares.

A special general meeting is scheduled for 1 December 2025 at 11:00 a.m. at 10/F., United Centre, 95 Queensway, Admiralty, Hong Kong, to consider and, if thought fit, approve the proposed name change and the new share option scheme. Shareholders are advised to review the circular for full details and return the form of proxy by the prescribed deadline if they are unable to attend in person.