Time Interconnect Issues 45,000 New Shares Under Employee Scheme, Expanding Share Capital by 0.002%

Bulletin Express07-29

Time Interconnect Technology Limited disclosed a minor expansion of its share capital following the allotment of 45,000 new ordinary shares on 29 July 2026.

The shares were issued pursuant to awards granted on 24 July 2023 to an employee participant (not a director) under the company’s share-based incentive scheme. The new shares, priced at HKD 1.506 each, lifted the company’s issued share count from 2.23 billion to 2.23 billion, an increase of 0.002%.

Gross proceeds from the allotment total approximately HKD 0.07 million. No treasury-share movements, buybacks, or cancellations were reported. The company confirmed that the issuance was duly authorised, fully paid, and compliant with all applicable Hong Kong Stock Exchange listing rules and regulatory requirements.

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