ArtGo Holdings Limited has issued a circular detailing a proposed 10-for-1 share consolidation and a concurrent change in board lot size from 10,000 existing shares to 5,000 consolidated shares. Shareholders will vote on the proposals at an Extraordinary General Meeting scheduled for 29 June 2026 at 11:00 a.m. in Hong Kong.
Key Terms of the Share Consolidation • Ratio: Every ten issued and unissued shares of HK$0.01 par value will be consolidated into one share of HK$0.10 par value. • Capital Structure: Authorised share capital remains unchanged at HK$300.00 million, but will comprise 3.00 billion consolidated shares instead of 30.00 billion existing shares. • Issued Shares: The current 1,422,104,625 shares will become 142,210,462 consolidated shares, assuming no further share movements before the effective date. • Effective Date: Conditional on shareholder approval and Stock Exchange clearance, the consolidation is targeted for 2 July 2026, the second business day after the EGM. • Fractional Shares: Fractions will be aggregated and sold for the company’s benefit; they will not be distributed to shareholders.
Change in Board Lot Size Upon the consolidation’s effectiveness, the standard trading unit will shift from 10,000 existing shares to 5,000 consolidated shares. Based on the latest closing price of HK$0.086 per existing share (equivalent to HK$0.86 per consolidated share), the theoretical value per new board lot will rise to HK$4,300, surpassing the HK$2,000 threshold cited by Hong Kong Exchanges and Clearing Limited for efficient trading.
Rationale The share price has traded below HK$0.10 since 18 May 2026, falling within the “extremity” range defined in Listing Rule 13.64. The board believes the consolidation will (1) lift the trading price per share, (2) reduce proportional transaction costs for investors, and (3) align the board lot value with market guidelines. The reduced lot size is intended to maintain accessibility for smaller investors and support liquidity.
Key Timetable Highlights • Latest share transfer for EGM eligibility: 23 June 2026 (4:30 p.m.) • Register closure: 24–29 June 2026 (both days inclusive) • Effective date of consolidation and first day of dealings in consolidated shares: 2 July 2026 • Start of free share-certificate exchange: 2 July 2026 • Parallel trading period: 16 July 2026 to 5 August 2026 • Deadline for free exchange of certificates: 7 August 2026 (4:30 p.m.)
Share Certificate Exchange and Odd-Lot Arrangements Existing red certificates can be exchanged free of charge for new green certificates from 2 July 2026 to 7 August 2026 at Computershare Hong Kong Investor Services Limited. A designated broker, Orient Securities Limited, will provide matching services for odd lots between 16 July 2026 and 5 August 2026, although successful matching is not guaranteed.
Conditions The consolidation and board lot change require: 1. Shareholder approval at the EGM. 2. Compliance with Cayman Islands and Hong Kong legal and regulatory requirements. 3. Listing Committee approval for the consolidated shares to trade on the Stock Exchange.
Corporate Outlook The board states there is no current plan for additional corporate actions that would negate the purpose of the consolidation, nor any concrete fundraising initiatives within the next 12 months, although potential debt or equity options may be explored to meet operational needs.
Shareholders are advised to review the circular in full and exercise caution when dealing in ArtGo securities until the share consolidation becomes effective.