Summary by Futu AI
DINGFENG GROUP AUTOMOBILE CO., LTD. (“DINGFENG GROUP AUTOMOBILE”) ANNOUNCES THAT THE CIRCULAR ORIGINALLY SENT TO SHAREHOLDERS ON JANUARY 5, 2024 WILL BE DELAYED UNTIL JANUARY 26, 2024. The Circular contains details of the resolutions of the Extraordinary General Meeting concerning the merger of shares, the increase in the authorized capital and the distribution of shares. As a result, the expected timetable for share consolidation and changes in each trading unit has also been adjusted. THE NEW TIMELINE SHOWS THAT THE SHARE CONSOLIDATION WILL TAKE EFFECT ON FEBRUARY 21, 2024, AND THAT THE COMBINED SHARES WILL BEGIN TO BE TRADED IN NEW UNITS ON THE SAME DAY. In addition, the Company will reopen its original over-the-counter trading on March 6, 2024, in the amount of 10,000 shares of consolidated shares per share. The Chairman and Executive Director of the Company, Wu Zhizhong, made this announcement on 5 January 2024.