Billion Industrial Holdings Limited will convene an extraordinary general meeting (EGM) on 12 October 2026 at 9:00 a.m. (Unit 1501, Office Tower, Convention Plaza, Wanchai, Hong Kong) to seek shareholder approval for a 1-for-2 share consolidation.
Key proposal • Share consolidation: Every two existing ordinary shares of HK$0.01 par value will be combined into one consolidated share of HK$0.02. • Capital structure: Authorised share capital remains unchanged at HK$100.00 million, but the number of authorised shares will fall from 10.00 billion to 5.00 billion. • Fractional shares: Fractions arising from the consolidation will be aggregated and sold for the Company’s benefit or repurchased and cancelled at the Board’s discretion.
Conditions precedent 1. Listing Committee approval for the listing of, and permission to deal in, the consolidated shares. 2. Compliance with all relevant Hong Kong laws and Listing Rules procedures.
Timetable and voting arrangements • Record date for EGM attendance and voting: 12 October 2026, with share transfer books closed 7–12 October 2026. • Proxy forms must reach Computershare Hong Kong Investor Services by 4:30 p.m. on 10 October 2026. • All resolutions at the EGM will be decided by poll.
Board and authorisations Co-Chairman Sze Tin Yau is authorised to finalise documentation and announcements, while Mr Sze and CEO Wu Jinbiao may issue new share certificates and handle regulatory filings necessary to implement the consolidation.
As of the notice date (25 September 2026), the Board comprises three executive directors (Sze Tin Yau, Wu Jinbiao, Shi Haiyan), one non-executive director (Zhang Shengbai) and three independent non-executive directors (Yu Wai Ming, Lin Jian Ming, Qiu Dahong).
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