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Nobi Kan(02635.HK) recommends share subdivision and corresponding amendments to the company's articles of association
Gelonghui, February 23 — NobiKan (02635.HK) announced that the board of directors recommends splitting the company’s existing issued shares with a par value of RMB 1.0 per share into ten (10) shares with a par value of RMB 0.10 each. After the share split is completed, the company will accordingly amend its articles of association to reflect the change in share capital.
As of the date of this announcement, the company’s H shares are traded on the Stock Exchange of Hong Kong with a trading unit of 50 H shares per board lot. It is proposed that, upon the effectiveness of the share split, and as a condition for the share split to take effect, the trading unit on the Stock Exchange of Hong Kong will be changed from 50 H shares to 100 H shares per board lot.