CMON (01792) Proposes Increase in Authorized Share Capital

Stock News2025-11-14

CMON (01792) announced that its board of directors has proposed an increase in the company's authorized share capital from HKD 380,000 (divided into 7.6 billion existing shares) to HKD 1.75 million (divided into 35 billion existing shares) by creating an additional 27.4 billion new existing shares.

As of the announcement date, the company's authorized share capital stands at HKD 380,000, comprising 7.6 billion existing shares with a par value of HKD 0.00005 per share. Upon the effectiveness of the capital increase, the authorized share capital will be adjusted to HKD 1.75 million, divided into 35 billion existing shares at HKD 0.00005 par value each. Currently, 1.806 billion existing shares are issued and fully paid.

Following the capital increase, the board proposes a share consolidation on the basis of every 35 existing shares (issued or unissued) with a par value of HKD 0.00005 consolidated into one new share with a par value of HKD 0.00175. Post-consolidation, assuming no further issuance or repurchase of existing shares from the announcement date until the capital increase and consolidation take effect, the authorized share capital will be HKD 1.75 million, divided into 1 billion consolidated shares at HKD 0.00175 par value each, of which 51.6 million consolidated shares will be issued.

Currently, existing shares are traded on the Stock Exchange in board lots of 70,000 shares each. The board recommends changing the trading unit from 70,000 existing shares per lot to 2,000 consolidated shares per lot, subject to and effective upon the share consolidation.

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