The Board of Directors has proposed a share capital reorganization, which involves a share consolidation and a capital reduction. The details are as follows: every 10 issued and unissued existing shares of HK$0.10 each in the company's share capital will be consolidated into 1 consolidated share of HK$1.00 each.

Immediately following the effectiveness of the share consolidation, the company's issued share capital will be reduced by canceling the paid-up capital (capped at HK$0.90 per then-issued consolidated share), resulting in the par value of each issued consolidated share being reduced from HK$1.00 to HK$0.10.

As of the date of this announcement, the shares are traded on the Stock Exchange in board lots of 2,000 existing shares each. The Board proposes that, subject to and upon the effectiveness of the capital reorganization, the board lot size for trading on the Exchange will be changed from 2,000 existing shares to 5,000 adjusted shares.