Core Viewpoint - Dragon King Group Holdings Limited proposes to change its English name to "Scorching Dragon Holdings Limited" and its Chinese name to "炙龙控股有限公司" [1] Group 1: Share Consolidation - The share consolidation will involve merging every 5 existing shares with a par value of HKD 0.10 into 1 consolidated share with a par value of HKD 0.50 [2] Group 2: Capital Reduction - Following the share consolidation, the capital reduction will involve cancelling HKD 0.49 of the paid-up capital for each consolidated share, reducing the par value from HKD 0.50 to HKD 0.01 [3] - Any fractional consolidated shares resulting from the share consolidation will be cancelled [3] Group 3: Share Split - After the capital reduction takes effect, each statutory but unissued consolidated share will be split into 50 new shares with a par value of HKD 0.01 each [4]
龙皇集团拟更名为“炙龙控股有限公司”并实行股本重组