Dinos Environmental (01452) announced that on November 6, 2023, the company plans to issue 98.8074 million subscription shares to its major shareholder Advant Performance Limited, accounting for about 16.67% of the expanded share capital. Each subscription share is HK$0.048, a discount of about 4% from the closing price of the day, and the total cost is approximately HK$4.742,800 in cash. The company has applied for the resumption of share trading starting at 9:00 a.m. on November 7, 2023 after the publication of this announcement.
As of the date of this announcement, the subscriber was wholly owned by Ms. Zhao Shu. Ms. Zhao Shu is the chairman of the board of directors, the company's CEO and authorized representative, the chairman of the nomination committee and a member of the remuneration committee.