DUFU LIQUOR GP (00986) plans to implement a equity restructuring and change in the minimum trading unit.

DUFU LIQUOR GP (00986) announces that the board of directors has proposed implementing a share capital restructuring, which will involve share consolidation, reduction of share capital, splitting of shares, and reduction of share premium. The board of directors recommends consolidating every 10 existing issued and unissued shares in the company's share capital into 1 consolidated share. Following the effective date of the share consolidation, there will be a reduction of share capital, splitting of shares, and reduction of share premium. This will involve the following: (i) in applicable cases, canceling any fractional shares in the company's issued share capital resulting from the share consolidation; (ii) by canceling 0.99 Hong Kong dollars of paid-up capital for every issued consolidated share in the company, reducing the face value of each issued consolidated share from 1.00 Hong Kong dollar to 0.01 Hong Kong dollar, so that after the share capital reduction, each newly issued share will be considered as 1 share with a face value of 0.01 Hong Kong dollar in the company's share capital; (iii) following the share capital reduction, each unissued consolidated share with a face value of 1.00 Hong Kong dollar will be split into 100 shares with a face value of 0.01 Hong Kong dollar each; (iv) share premium reduction will be carried out, whereby the entire amount in the share premium account will be reduced to zero. The proceeds from the share capital reduction and share premium reduction will be transferred to the company's contributed surplus account as defined by the company's law. Upon the effective date of the share consolidation, share capital reduction, and share split, the company's statutory share capital will be 1 billion Hong Kong dollars, divided into 100 billion new shares. As of the date of this announcement, existing shares are traded on the Stock Exchange of Hong Kong in lots of 2000 shares. It is proposed that following the effective date of the share capital restructuring (and subject to this condition), the trading unit on the Stock Exchange of Hong Kong be changed from 2000 shares of existing shares to 5000 shares of new shares.