Yuanheng Gas (00332) plans to carry out a share capital restructuring.

Yuanheng Gas (00332) announced that the board of directors proposed to implement a share capital reorganization, including: share consolidation, where every 20 existing shares, both issued and unissued, will be combined into 1 consolidated share; share capital reduction, where the issued share capital will be reduced by cancelling any fractional shares created by the share consolidation; and cancelling the paid-up share capital of the company, reducing the face value of each consolidated share from HKD 2.0 to HKD 0.1. The statutory but unissued consolidated shares with a face value of HKD 2.0 (including the statutory but unissued consolidated shares generated by the share capital reduction) will be subdivided into 20 new shares with a face value of HKD 0.1 each. Following the share capital reorganization, the company's statutory share capital will be maintained at HKD 10 billion (divided into 100 billion new shares); and all proceeds generated from the share capital reduction will be transferred to the company's paid-up surplus account. As of the announcement date, existing shares are traded in lots of 4,000 shares on the stock exchange. The board of directors proposed to change the trading unit from 4,000 existing shares to 10,000 new shares on the stock exchange, but this change will only take effect after the share capital reorganization is completed.