Summary by Futu AI
Ding Fung Group Motor Co., Ltd. (Ding Fung Group Automobiles) completed the share merger on February 21, 2024 and issued 41,510,000 new shares under the distribution agreement on February 29 of the same month. After the share merger, the authorized capital of the company was increased from HK$50,000,000 to HK$250,000,000, and the number of shares increased from 2,000,000,000 shares to 10,000,000,000 shares, and the face value per share was adjusted from HK$0.0025 to HK$0.025. The issue price of the new shares is HK$0.36 per share and the shares were issued on 29 February 2024 after the approval of the General Meeting. The share change has been approved by the Board of Directors and complies with the relevant requirements of the Securities Listing Rules of the Hong Kong Stock Exchange Limited.