STAR SHINE HLDG (01440.HK): Proposes Four-for-One Share Subdivision; Board Lot to Be Cut to 500 Shares

NewTimeSpace News: On 9 October 2026, Star Shine Holdings Group Limited (the "Company") announced that the board proposes to subdivide each of the existing issued and unissued shares of HKD 0.01 each in the share capital of the Company into four (4) subdivided shares of HKD 0.0025 each. As of the date of the announcement, the authorised share capital of the Company was HKD 100,000,000 divided into 10,000,000,000 shares of HKD 0.01 each, of which 1,260,000,000 shares (including 230,000 treasury shares) were issued and fully paid or credited as fully paid.

The announcement disclosed that, upon the share subdivision becoming effective, the authorised share capital of the Company will remain HKD 100,000,000 divided into 40,000,000,000 subdivided shares, of which 5,040,000,000 subdivided shares (including 920,000 treasury shares) will be issued and fully paid or credited as fully paid (assuming no further issue or repurchase of shares before the subdivision becomes effective). The subdivided shares will rank pari passu in all respects with each other, and the share subdivision will not result in any change in the relevant rights of shareholders. The board further proposes that, upon the subdivision becoming effective, the board lot for trading the subdivided shares on the Stock Exchange be changed from 2,500 shares to 500 subdivided shares; the change in board lot will not result in any change in the relative rights of shareholders and, as no fractional shares will arise, no odd-lot trading arrangements are required.

The Company stated that the share subdivision is subject to three conditions: approval by shareholders of an ordinary resolution at an extraordinary general meeting; the Stock Exchange granting approval for the listing of and permission to deal in the subdivided shares (and any new subdivided shares that may be issued upon exercise of options under the share option scheme); and compliance with all relevant procedures and requirements under Cayman Islands law (if applicable) and the Listing Rules. The share subdivision will become effective on the second business day after the conditions are fulfilled. An extraordinary general meeting will be held at 11:00 a.m. on 19 November 2026, and a circular is expected to be despatched on or before 13 October 2026; the effective date of the subdivision is expected to be 23 November 2026, when trading in the subdivided shares will commence on a temporary counter in board lots of 10,000 subdivided shares (in existing share certificates) from 9:00 a.m., and the original counter will reopen for trading in board lots of 500 subdivided shares (in new share certificates) on 7 December 2026 with parallel trading commencing, which will end at 4:10 p.m. on 28 December 2026.

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