Summary by Futu AI
Time intercon submitted its latest monthly report on July 31, 2024, showing an increase in the number of ordinary shares in July. The report stated that Time Intercon's legal/registered share capital remained at 3,000,000,000 shares with a par value of HKD 0.01 per share, totaling HKD 30,000,000, the same as last month. However, the issued shares (excluding treasury shares) increased from 1,945,952,000 shares last month to 1,946,488,000 shares, an increase of 536,000 shares. These additional shares were the result of the exercise of stock options, which were approved on March 21, 2023, at an exercise price of HKD 1.506 per share. The total funds received from the exercise of options this month amounted to HKD 807,216. Time Intercon confirms that all securities issuances or sales/transfers of treasury shares have been authorized by the board of directors and comply with all applicable listing rules and legal regulations.