Top Standard Corporation (stock code: 8510) published a circular dated 11 November 2025 regarding its proposal to increase the authorised share capital from HK$20,000,000 (divided into 200,000,000 shares) to HK$40,000,000 (divided into 400,000,000 shares). According to the announcement, the additional 200,000,000 unissued shares would rank pari passu in all respects with the existing shares.
The company explained that expanding the authorised share capital would provide greater flexibility to raise funds when necessary. As of the latest practicable date, there is the intention to conduct future equity fundraising exercises, although no concrete plan or agreement has been entered into.
An extraordinary general meeting is scheduled for Monday, 1 December 2025 at 3:00 p.m. at 21/F., Grand Millennium Plaza, 181 Queen’s Road Central, Sheung Wan, Hong Kong. Shareholders are advised to submit proxy forms in accordance with the instructions provided in the notice of meeting if they do not plan to attend in person. Completion and submission of a proxy form does not preclude the right to attend and vote at the meeting. The announcement further indicates that voting on the resolution will be conducted by poll in compliance with applicable listing rules.