Jakota Capital (Holding) Group has issued a notice convening an extraordinary general meeting (EGM) on 22 June 2026 at 11:00 a.m. in Central, Hong Kong. Shareholders will vote on two key resolutions aimed at restructuring the company’s share capital.
Resolution 1 – Share Consolidation • Every five issued and unissued ordinary shares of HK$0.10 each will be consolidated into one Consolidated Share of HK$0.50 par value. • Fractions arising from the consolidation will be cancelled. • Post-consolidation, the company’s authorised share capital will remain HK$1.00 billion but will be re-denominated into 2.00 billion Consolidated Shares of HK$0.50 each. • Directors will be authorised to handle all administrative matters related to the consolidation.
Resolution 2 – Capital Reduction and Share Sub-division • Conditional on Cayman Islands court approval and Hong Kong Stock Exchange consent, the paid-up capital on each issued Consolidated Share will be reduced by HK$0.40, lowering the par value from HK$0.50 to HK$0.10. • Authorised but unissued Consolidated Shares will be sub-divided into five New Shares of HK$0.10 each. • The authorised share capital will remain HK$1.00 billion, re-stated as 2.00 billion New Shares. • The credit generated from the capital reduction will first offset accumulated losses; any remaining balance will be transferred to a distributable reserve.
Key Conditions Implementation requires: 1. Listing Committee approval for the Consolidated and New Shares; 2. Grand Court of the Cayman Islands confirmation of the capital reduction; 3. Registration of the court order and requisite documents with the Cayman registrar; 4. Compliance with all applicable Cayman and Hong Kong regulatory procedures.
EGM Logistics • Shareholders’ register closes from 15 June to 22 June 2026 (both dates inclusive). Share transfers must be lodged with Tricor Investor Services by 4:30 p.m. on 12 June 2026 to qualify for voting. • Voting will be conducted by poll. Shareholders may appoint proxies; proxy forms must be submitted at least 48 hours before the EGM.
Board Composition The board currently comprises Executive Directors Mr. Mong Cheuk Wai (Chairman) and Mr. Leung Siu Kee, alongside Independent Non-Executive Directors Ms. Mak Yun Chu, Mr. Hung Wai Che and Mr. Chan Ting Fung.
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