FRONTAGE Maintains Share Capital in May 2026; 3.54 Million Shares Pending Cancellation, Stock Options Adjusted

Bulletin Express
Jun 03

Frontage Holdings Corporation (FRONTAGE) reported no change in authorised or issued share capital for the month ended 31 May 2026, while confirming compliance with Hong Kong’s 25% public-float requirement.

Authorised share capital remained at 5.00 billion ordinary shares with a par value of USD 0.00001, equivalent to USD 50,000. Issued shares were unchanged at 2.04 billion, and the company continued to hold no treasury shares.

Stock-option activity was limited to the 2018 Share Incentive Plan, where 313,000 options were cancelled and 165,000 lapsed, reducing outstanding options under that plan to 14.75 million. The Pre-IPO Share Incentive Plan was unchanged at 14.95 million outstanding options. In total, 29.70 million options were outstanding at month-end, and up to 187.89 million shares could be issued upon full exercise of existing and future grants under both schemes. No options were exercised during the month; consequently, no funds were raised and no new shares were issued.

Share buy-back activity recorded earlier remains pending cancellation. Four tranches executed on 28 May 2024 total 3.54 million shares repurchased at prices ranging from HKD 0.5296 to HKD 1.0226. These shares have yet to be cancelled and continue to be reported as negative movements in the monthly return.

No warrants, convertible instruments, or other share-issuance agreements were outstanding or executed during the reporting period.

Executive Director and Chairman Song Li submitted the statutory confirmations required under Main Board Rule 13.25C, affirming full compliance with listing and regulatory obligations.

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