The Board announces that the board lot size of the Shares for trading on the Stock Exchange will be changed from 500 Shares to 100 Shares effective 7 April 2008. The expected timetable for such change in board lot size is set out below.
Shareholders may submit their existing share certificates in board lot of 500 Shares each to the Company’s share registrar in exchange for new share certificates in board lot of 100 Shares each free of charge during business hours from Wednesday, 19 March 2008 to Wednesday, 30 April 2008 (both dates inclusive).
The Board announces that the board lot size of the Shares for trading on the Stock Exchange will be changed from 500 Shares to 100 Shares effective Monday, 7 April 2008. The Board believes that the reduced board lot size may facilitate the trading and enable the Company to attract more investors and broaden its shareholder base. The change in board lot size will not affect any of the Shareholders’ rights.
EXPECTED TIMETABLE
First day for free exchange of existing share certificates - Wednesday, 19 March 2008 in board lot of 500 Shares each for new share certificates in board lot of 100 Shares each
Effective date of the change in board lot size from 500 - Monday, 7 April 2008
Shares to 100 Shares - Wednesday, 30 April 2008
Last day for free exchange of existing share certificates in board lot of 500 Shares each for new share certificates in board lot of 100 Shares each.
Shareholders may submit their existing share certificates in board lot of 500 Shares each to the Company’s share registrar, Hong Kong Registrars Limited at Rooms 1712-1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong in exchange for new share certificates in board lot of 100 Shares each free of charge during business hours from Wednesday, 19 March 2008 to Wednesday, 30 April 2008 (both dates inclusive).
Such exchange of share certificates thereafter will be accepted only on payment of a fee of HK$2.50 (or such higher amount as may from time to time be specified by the Stock Exchange) for each new share certificate in board lot of 100 Shares each issued or each existing share certificate submitted, whichever number of share certificate involved is higher. It is expected that the new share certificates will be available for collection from the Company’s share registrar by the Shareholders within 10 business days after delivery of the existing share certificates to the Company’s share registrar for exchange purpose.
As from Monday, 7 April 2008, any new share certificates will be issued in board lot of 100 Shares each (except for odd lots or where the Company’s share registrar is otherwise instructed). All existing share certificates in board lot of 500 Shares each will continue to be evidence of title to such Shares and be valid for transfer, delivery and settlement purposes. -- www.hkex.com.hk
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