China Fortune revises AGM mandates after HK$6.50 million share subscription

Bulletin Express06-05

China Fortune Holdings Limited (CHINA FORTUNE, 00110) completed a subscription of 25.00 million new shares at HK$0.26 each on 5 June 2026, raising HK$6.50 million. The issuance lifted the company’s outstanding share capital by 9.86% to 278.56 million shares, up from 253.56 million shares recorded at the latest practicable date of its AGM circular.

Reflecting the enlarged share base, the resolutions to be tabled at the 26 June 2026 Annual General Meeting have been recalibrated:

• Issue Mandate (20%): maximum allotment increases to 55.71 million shares from 50.71 million shares. • Repurchase Mandate (10%): ceiling rises to 27.86 million shares from 25.36 million shares. • 2026 Share Option Scheme limit (10%): also set at 27.86 million shares, versus the prior 25.36 million-share cap.

If the Repurchase Mandate were exercised in full and no other shareholding changes occurred, controlling shareholder and CEO Mr. Lau Siu Ying’s stake would climb from 41.77% to approximately 46.41%. Such an increase could trigger a mandatory offer obligation under Rule 26 of Hong Kong’s Takeovers Code; the board states it has no intention to repurchase shares to that extent.

All other AGM arrangements—including date, time, venue and previously distributed proxy forms—remain unchanged and valid.

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