Flydoo Technology Announces 20-for-1 Share Consolidation to Lift Trading Price and Board-Lot Value

Flydoo Technology Holding Limited plans to consolidate every 20 existing shares into one consolidated share, increasing the par value from HK$0.01 to HK$0.20.

Key transaction metrics • Authorised capital remains at HK$100.00 million, but the number of authorised shares will contract from 10.00 billion to 500.00 million. • Issued share count will fall from 816.71 million to 40.84 million, while issued share capital stays unchanged at HK$8.17 million. • Board-lot size stays at 5,000 shares; the theoretical price per consolidated share, based on the last close of HK$0.033, would be HK$0.66, lifting the board-lot value to about HK$3,300 from HK$165.

Rationale The stock has traded below HK$0.10 for more than two years, triggering Rule 17.76 of the GEM Listing Rules, which directs issuers to consolidate shares when prices approach the HK$0.01 extremity. Management expects the move to: 1) restore compliance with the HK$0.10 minimum price guideline; and 2) reduce transaction costs for investors by raising the board-lot value above HK$2,000.

Conditions and timetable Implementation requires: 1) shareholder approval at an extraordinary general meeting (EGM) scheduled for 4 May 2026, 2) fulfilment of Cayman Islands, Hong Kong and GEM Listing Rule procedures, and 3) GEM Listing Committee approval for listing the consolidated shares.

Subject to these conditions, the consolidation is targeted to take effect on 6 May 2026, with parallel trading and odd-lot matching arrangements running from 20 May to 10 June 2026. Free exchange of share certificates will be offered until 12 June 2026.

Additional information • No outstanding convertible securities, options or warrants exist. • The company states it has no current plans for additional share-related corporate actions or equity fundraising within the next 12 months, though future capital-raising is not ruled out. • Directors affirm that the consolidation will not affect the company’s assets, operations, financial position or shareholders’ proportional interests.

Shareholders and investors are advised that the consolidation remains subject to approval and are urged to exercise caution when dealing in the shares until the process concludes.