Tiancheng Holdings (02110): The share capital restructuring takes effect and changes in the trading unit of each lot

Zhitongcaijing · 2d ago

According to the Zhitong Finance App, Tiancheng Holdings (02110) issued an announcement. All prerequisites for the share capital restructuring described in the circular have been met, and the share capital restructuring will take effect on September 3, 2026 (Thursday). Trading of the new shares will commence at 9:00 a.m. on September 3, 2026 (Thursday).

Due to the share capital restructuring taking effect, the change in the trading unit for each lot will take effect on September 17, 2026 (Thursday). The trading unit for each lot of shares traded on the Stock Exchange will be changed from 10,000 existing shares to 2,000 new shares. The original counter for trading 2,000 new shares with each new trading unit will be reopened at 9:00 a.m. on September 17, 2026 (Thursday).

On the date of this announcement, a total of 22.24 million unexercised share options were granted under the 2020 Share Options Program, giving their holders the right to subscribe for a total of up to 22.24 million existing shares.

As a result of the share capital restructuring, the exercise price of the share options that have not been exercised and the number of new shares to be issued when the share options have not been exercised will be adjusted according to the terms of the 2020 share option plan as follows: the adjusted exercise price (per new share) of HK$1.07; the adjusted number of new shares to be issued when all share options are exercised will be adjusted to 2,224,000 shares.