Core Viewpoint - The company proposes to increase its authorized share capital to enhance flexibility in fundraising and support future business growth, believing it aligns with the overall interests of the company and its shareholders [1] Summary by Relevant Sections Share Capital Increase - The current authorized share capital of the company is HKD 40 million, divided into 400 million shares, with 374.4 million shares already issued [1] - Following the proposed increase, the authorized share capital will rise to HKD 120 million, divided into 1.2 billion shares, with 374.4 million shares issued and 825.6 million shares authorized but unissued [1] - The increase in authorized share capital requires approval from shareholders at a special general meeting [1] Amendments to Listing Rules - As of January 1, 2023, amendments to Chapter 17 of the listing rules have been made, affecting share option and share award plans [1] - These changes necessitate significant revisions to the 2019 share option plan [1] - The company plans to terminate the 2019 share option plan upon adopting the new share plan, pending shareholder approval at the special general meeting [1]
中国网成(01920)建议增加法定股本及采纳新股份计划