Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)
(Stock Code: 00138)
TERMINATION OF PROPOSED ISSUE OF BONUS SHARES
Reference is made to the 2018 annual results announcement of CCT Fortis Holdings Limited (the "Company") dated 29 March 2019 (the "Announcement"). Unless otherwise specified in this announcement, capitalised terms used in this announcement shall have the same meanings as defined in the Announcement.
In the Announcement, it was disclosed that, among others, (i) the Board recommended the issue of bonus shares on the basis of one bonus share for every ten existing Shares held by the Shareholders (the "Proposed Bonus Issue"), subject to the approval of the Shareholders at the forthcoming AGM; (ii) relevant resolutions in relation to the Proposed Bonus Issue will be proposed at the forthcoming AGM; and (iii) a circular containing further information in relation to the Proposed Bonus Issue will be despatched to the Shareholders in due course.
As the lowest daily closing price of the Shares during the six-month period before the publication of the Announcement was less than HK$1, in order to comply with Rule 13.64(A) of the Listing Rules, the Company has decided not to proceed with the Proposed Bonus Issue. Therefore, no resolution in relation to the Proposed Bonus Issue will be proposed at the forthcoming AGM and no circular in relation to the Proposed Bonus Issue will be despatched to the Shareholders.
Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.
By Order of the Board of
CCT FORTIS HOLDINGS LIMITED
Mak Shiu Tong, Clement
Chairman
Hong Kong, 12 April 2019
As at the date of this announcement, the executive directors of the Company are Mr. Mak Shiu Tong, Clement, Mr. Tam Ngai Hung, Terry and Ms. Cheng Yuk Ching, Flora and the independent non-executive directors of the Company are Mr. Tam King Ching, Kenny, Mr. Chen Li and Mr. Chow Siu Ngor.