Litian Pictures Holdings Limited has pushed back the release of its shareholder circular and updated the timetable for a series of capital actions, including an authorised share-capital increase, a change in board lot size, and a rights issue on a four-for-one basis.
Key points • Circular postponement: Dispatch now slated for on or before 23 October 2026, versus the previous target of 9 October 2026. Management cited the need for additional time to finalise disclosure materials. • Extraordinary General Meeting (EGM): Rescheduled to 11:00 a.m. on 13 November 2026. Shareholders must lodge transfer documents by 4:30 p.m. on 9 November 2026 to vote. • Authorised share-capital increase: Effective immediately upon shareholder approval at the 13 November EGM. • Board-lot adjustment: Trading unit to shift from 1,000 to 10,000 shares effective 16 November 2026, with an odd-lot matching service operating from 16 November to 4 December 2026. • Rights issue terms: Eligible shareholders will receive four rights shares for every one share held on the record date of 30 November 2026. • Trading in rights: Nil-paid rights shares (board lot of 10,000) will trade from 3 December to 10 December 2026. • Acceptance and payment: Deadline set at 4:00 p.m. on 15 December 2026. • Unsubscribed rights placement: To be conducted between 30 December 2026 and 12 January 2027; final unconditional date is 13 January 2027. • Listing of fully-paid rights: Expected to commence at 9:00 a.m. on 21 January 2027. • Net gain distribution (if any) to relevant non-participating shareholders is targeted for 5 February 2027.
Litian Pictures emphasised that the updated timetable remains subject to change, with any revisions to be announced in accordance with Hong Kong Stock Exchange requirements.
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