GF SEC (01776) has increased its capital by HKD 2.137 billion to GF Hong Kong Company.

GF SEC (01776) announced that on August 29, 2018, the company held the tenth meeting of the ninth board of directors and passed the resolution on adjusting the method of capital increase to Guangfa Holdings (Hong Kong) Limited. The board of directors agreed to increase capital to its wholly-owned subsidiary, Guangfa Hong Kong Company, by 5.237 billion Hong Kong dollars. The 5.237 billion Hong Kong dollars can be increased in a lump sum or in installments depending on the actual situation, with the source of funds being the raised capital of the company's overseas listed foreign capital shares (H shares). Recently, in accordance with the above resolution, the company has already increased capital to Guangfa Hong Kong Company by 2.137 billion Hong Kong dollars. After the increase in capital, the actual paid-up capital of Guangfa Hong Kong Company has increased to 10.337 billion Hong Kong dollars.