HAO BAI INTL (08431) plans to implement a capital restructuring.

HAO BAI INTL (08431) announced that the board of directors proposed to implement a share capital reorganization, which will involve share consolidation, reduction of share capital, and subdivision of shares. The share consolidation will involve consolidating every 10 existing issued and unissued shares with a par value of HK$0.1 per share into 1 consolidated share with a par value of HK$1 per share. Following the effective date of the share consolidation, the reduction of share capital will involve the cancellation of the company's fully paid-up share capital of HK$0.99 per share for each issued consolidated share, reducing the par value of each issued consolidated share from HK$1 to HK$0.01. In addition, any fractional consolidated shares resulting from the share consolidation will be cancelled. Following the effective date of the share consolidation and reduction of share capital, each statutory but unissued consolidated share (including such statutory unissued consolidated shares resulting from the reduction of share capital) will be subdivided into 100 new shares with a par value of HK$0.01 per share.