E&P GLOBAL(01142): It is recommended that the stock capital restructuring will take effect before March 17th.

E&P GLOBAL (01142) announces that, in accordance with instructions issued by the Cayman Islands court, a hearing to confirm the proposed reduction of share capital will be held on March 12, 2025 (Wednesday) (Cayman Islands time). The Registrar of Companies in the Cayman Islands will register a certified copy of the court's order confirming the proposed share capital restructuring and the meeting minutes containing details of the proposed share capital restructuring as required by the Companies Act on March 14, 2025 (Friday) (Cayman Islands time). The Board expects that the implementation of the proposed share capital restructuring and other conditions will be met by March 17, 2025 (Monday) at 9:00 AM (Hong Kong time). Shareholders are advised that the proposed share capital restructuring will take effect by 9:00 AM (Hong Kong time) on March 17, 2025 (Monday), and the reduced shares resulting from the share reduction of 8000 shares per trading unit will be available for trading starting at 9:00 AM (Hong Kong time) on March 24, 2025 (Monday). The color of the company's stock will be changed from pink to green. The Board anticipates that the conditions precedent to the subscription matters will be met by March 17, 2025 (Hong Kong time) or earlier. The completion of the subscription matters will be finalized by March 21, 2025 (Friday) or earlier (Hong Kong time), and the convertible notes will be issued in full and settled in the manner specified for the third batch of convertible notes.