Dragon King GP (08493) intends to change its name to "Char Dragon Holdings Limited" and implement a share capital restructuring.

DRAGON KING GP (08493) announced that the board of directors proposes to change the company's English name from "Dragon King Group Holdings Limited" to "Scorching Dragon Holdings Limited", and to change the company's dual foreign language Chinese name from "DRAGON KING GP" to "". The board of directors proposes to carry out a share capital restructuring, which will involve share consolidation, share capital reduction, and share subdivision. (i) Share Consolidation Share consolidation will involve consolidating every 5 existing issued and unissued shares with a par value of HK$0.10 each in the company's share capital into 1 consolidated share with a par value of HK$0.50. (ii) Share Capital Reduction After the share consolidation takes effect, the share capital reduction will only be implemented after meeting other conditions, and will involve cancelling the company's fully paid-up share capital by $0.49 for each issued consolidated share, reducing the par value of each issued consolidated share from HK$0.50 to HK$0.01. In addition, any fractional consolidated shares in the company's issued share capital resulting from the share consolidation will be cancelled. (iii) Share Subdivision Following the implementation of the share capital reduction, each statutory but unissued consolidated share (including those arising from the share capital reduction) will be subdivided into 50 new shares with a par value of HK$0.01 each.