Glonghui, May 7 | Gome Fintech (00628.HK) issued an announcement. The board of directors proposed a share capital restructuring involving the following items: (i) share capital reduction, whereby the face value of each issued share was reduced by cancelling the company's paid-up share capital (limited to HK$0.09 per issued existing share), so that the face value of each issued existing share will be reduced from HK$0.10 to HK$0.01, and the amount received due to the share capital reduction will be transferred to the paid surplus account and used to offset the Company to take effect cumulative loss for the date; and
(ii) Share breakdown, according to which each statutory but unissued existing share will be split into 10 new unissued shares with a face value of HK$0.01 per share immediately following the share capital reduction taking effect.