INNOVATIVE PHAR(00399) is proposed to be renamed as "Starlink Group Limited" and to increase its authorized share capital.

INNOVATIVE PHAR(00399) announced that the board of directors suggests changing the company's English name from "Innovative Pharmaceutical Biotech Limited" to "Starcoin Group Limited" and adopting the Chinese name "" as the company's second name, to replace the current name ""; and increasing the company's authorized share capital from 500 million HKD (divided into 500 billion shares) to 1.2 billion HKD (divided into 1.2 trillion shares).