FEG Holdings Corporation Limited (Stock Code: 1413) has issued a circular announcing an Extraordinary General Meeting (EGM) on 12 December 2025 at 11:00 a.m. Shareholders will consider the proposed appointment of Infinity CPA Limited as auditor, a share consolidation of every five shares into one, and a change in board lot size.
According to the circular, shareholders voted against reappointing Linksfield CPA Limited at the company’s 2025 Annual General Meeting. The board, on the recommendation of the audit committee, therefore proposes to appoint Infinity CPA Limited. If approved, Infinity CPA Limited will hold office until the next annual general meeting.
In addition, the company proposes a share consolidation on the basis of every five existing shares of par value HK$0.01 being consolidated into one share of par value HK$0.05. Subject to conditions outlined in the circular, this is expected to become effective on 16 December 2025. The number of issued shares would then change from 1,400,000,000 existing shares to 280,000,000 consolidated shares. The board believes the higher trading price per share would help ensure compliance with regulatory requirements regarding minimum trading prices and reduce transaction costs for shareholders.
The board further proposes adjusting the board lot size from 5,000 existing shares to 7,000 consolidated shares. Based on a recent closing price of HK$0.10 per existing share, the theoretical value of one new board lot of 7,000 consolidated shares would be approximately HK$3,500. The circular states that these arrangements aim to increase each board lot’s market value and enhance trading efficiency.
The circular includes details about the proposed schedule, exchange of share certificates, and arrangements for dealing with any resulting fractional shares. The register of members will be closed from 9 December 2025 to 12 December 2025 (both dates inclusive). Shareholders who wish to attend and vote at the EGM are required to lodge all relevant documents with the branch share registrar, Boardroom Share Registrars (HK) Ltd., by 8 December 2025. Shareholders may find further information in the official circular. Any vote at the EGM will be taken by poll.