SANERGY GROUP (02459) plans to implement a capital restructuring.

Sanergy Group (02459) announces that the board of directors recommends implementing a share consolidation, with the basis being to consolidate every 10 issued and unissued shares with a par value of 0.01 US dollars into 1 share with a par value of 0.1 US dollars. The board of directors further recommends that following the effective date of the share consolidation, a reduction of share capital and share subdivision will be implemented. Accordingly, the company will reduce the issued share capital by cancelling the paid-up share capital of 0.09 US dollars for each issued consolidated share, resulting in a decrease in the par value of each issued consolidated share from 0.1 US dollars to 0.01 US dollars. Additionally, following the reduction of share capital, each unissued consolidated share with a par value of 0.1 US dollars will be subdivided into 10 shares with a par value of 0.01 US dollars. As of the date of this announcement, the existing shares are traded on the Stock Exchange in lots of 20,000 shares. The board of directors recommends that after the share consolidation takes effect, the trading unit on the Stock Exchange will be changed from 20,000 existing shares to 10,000 consolidated shares per lot. After the reduction of share capital and share subdivision take effect, the trading unit on the Stock Exchange will be maintained at 10,000 consolidated shares per lot.