Flower King Eco-Engineering Inc. (603007.SH) disclosed its restructuring plan, proposing to issue approximately 11.55346 shares for every 10 shares through the capital reserve fund.

Flower King Eco-Engineering Inc. (603007.SH) disclosed its restructuring plan, this time it is proposed to increase the capital reserve by about 11.55346 shares for every 10 shares based on the total share capital of the company (rounded to five decimal places), with a total of 470 million shares to be issued. After the increase, the total share capital of Flower King will increase to 877 million shares. Among the shares to be issued, 377 million Flower King shares will be issued to restructuring investors in cash consideration of 508 million yuan (including 20 million shares that were originally allocated to the controlling shareholder, Flower King Group). 43.202 million shares will be distributed to all shareholders registered on the date of record of capital reserve stock, excluding the controlling shareholder, Flower King Group, based on the number of shares held by each shareholder at that time, with each shareholder receiving an increase in shares at a ratio of about 1.55346 for every 10 shares (rounded to five decimal places). The remaining 49.7817 million shares will be used to repay Flower King shares' debts in the form of shares-for-debt swap.