SINOFORTUNE FIN (08123) plans to carry out a share capital restructuring and change in the minimum trading unit per lot.

SINOFORTUNE FIN (08123) announced that the company proposes to implement a share capital reorganization, involving the following aspects: (i) the existing shares of the company, with a par value of HK$0.01 per share, will be consolidated into one share with a par value of HK$0.60 for every 60 shares; (ii) (a) reduction of share capital, whereby, following the effectiveness of the share consolidation, the paid-up capital will be cancelled at a limit of HK$0.59 per share of the consolidated shares, reducing the par value of each issued consolidated share from HK$0.60 to HK$0.01; and (b) the proceeds generated from the reduction of share capital will be used to offset the company's accumulated losses as of the effective date of the capital reduction, thereby reducing the company's accumulated losses; and (iii) subdivision of shares, whereby, following the effectiveness of the share capital reduction, the statutory but unissued consolidated shares (including those generated from the reduction of share capital) with a par value of HK$0.60 will be subdivided into new shares of 60 shares each with a par value of HK$0.01. As of the date of this announcement, existing shares are traded in lots of 6,000 shares on the Stock Exchange of Hong Kong. Following the effectiveness of the share capital reorganization, the trading lots for the new shares on the Stock Exchange will change to 5,000 shares for each lot.