On behalf of WPG subsidiary WPG International (Hong Kong) Limited announces Board of Directors approved Capital Reduction
2022-11-30
1.Date of the board of directors resolution:2022/11/30
2.Reason for capital reduction:
Capital reduction to meet the Group's organizational structure adjustment
3.Amount of capital reduction:HKD 203,694,381
4.Cancelled shares:203,694,381 shares
5.Capital reduction percentage:28.4%
6.Share capital after capital reduction:513,543,960 shares
7.Scheduled date of the shareholders meeting:2022/12/01
8.Estimated no.of listed common shares after issuance of new shares
upon capital reduction:NA
9.Estimated ratio of listed common shares after issuance of new shares upon
capital reduction to outstanding common shares:NA
10.Please explain any countermeasures for lower circulation in
shareholding if the aforesaid estimated no.of listed common shares upon
capital reduction does not reach 60 million and the percentage does not
reach 25%:NA
11.The record date for capital reduction:NA
12.Any other matters that need to be specified:None