Summary by Moomoo AI
Jinjing Xinfeng Holdings Limited (“Jinjing Shineng”) announced that it will change from 10,000 shares to 1,000 shares from 10,000 shares of its shares on the Hong Kong Stock Exchange Limited (the “Exchange”) with effect from 2 April 2024. This move aims to improve the liquidity of the shares, making the shares more suitable for all types of investors. Shareholders may exchange 10,000 shares held for a new 1,000 share units free of charge between March 15 and April 25, 2024. The Company emphasizes that this change does not affect the relevant rights of shareholders and does not generate fractional shares, so there is no need for a listing arrangement. The Board considers that the change of units of purchase and sale is in the overall interests of the company and shareholders and does not plan to take any corporate action in the next 12 months that could undermine the purpose of the change. The Chairman and Executive Director of the Company issued this announcement on 8 March 2024.