Gelonghui May 10 丨 Xintian Real Estate Group (00760rungoodpoker.HK) Announcementrungoodpoker, the board of directors hereby announce that the company proposes to carry out and implement a capital reorganization, which will involve the following steps: (a) Capital reduction, which will involve reducing the company's issued share capital by canceling the paid-up capital of HK$0.07 per issued share of the company, resulting in the nominal value of each issued share being reduced from HK$0.08 to HK$0.01;(b) Subject to and immediately following the capital reduction, a share division, which will involve the division of one unissued share with a par value of HK$0.08 each in the company's capital into 8 unissued new shares with a par value of HK$0.01 each;(c) a share premium reduction, which will involve the cancellation of all credit to the company's share premium account to zero; and (d) the credit to contributed surplus, which will involve the transfer of the credit to the contributed surplus account arising from capital reductions and share premium reductions, and authorise the Board to apply the credit to the contributed surplus account in any manner as may be permitted by the Bye-Laws, Company Law and all applicable laws, including but not limited to setting off or offsetting the company's accumulated losses from time to time.
