Key Highlights for Investors

• Bonus Issue Approved: Shareholders have overwhelmingly approved a significant bonus issue—three (3) bonus shares for every four (4) existing shares held.
• Potentially Price-Sensitive Event: The bonus issue could lead to a sharp increase in trading liquidity and potentially impact the share price after the ex-bonus date.
• Full Attendance and Transparency: The meeting was attended by the full board, including Group Chairman Mr Or Kim Peow and Chairman Mr Or Toh Wat.
• Rationale for Bonus Ratio: The 3:4 ratio was chosen to comply with SGX Listing Rules requiring the adjusted share price to remain above S\$0.50.
• No Other Business: The only agenda was the bonus share issue, with no other business transacted.

Detailed Coverage of the EGM Proceedings

On 21 January 2026, OKP Holdings Limited convened its Extraordinary General Meeting (EGM) at its Singapore headquarters. The meeting was presided over by Chairman Mr Or Toh Wat, with the full board in attendance, reflecting the company’s commitment to transparency and corporate governance.

The sole item on the agenda was the proposed bonus issue of shares. Shareholders were asked to approve the allotment and issuance of up to 231,322,945 bonus shares, representing a distribution of three fully paid bonus shares for every four existing shares (including treasury shares) as at a record date to be determined by the directors. Fractional entitlements will be disregarded but aggregated and disposed of or otherwise dealt with for the benefit of the company.

Voting was conducted electronically via handheld devices, ensuring efficiency and accuracy. Boardroom Corporate & Advisory Services Pte Ltd was appointed as polling agent, and Drewcorp Services Pte Ltd acted as scrutineer. The resolution passed unanimously, with 231,476,643 shares (100%) voting in favor and none against.

Shareholder Questions and Management Responses

• Why a 3:4 Ratio Instead of 1:1?
  Management clarified that a 1:1 bonus issue was not possible due to SGX rules mandating that the daily weighted average price (adjusted for the bonus issue) must remain above S\$0.50. The company’s share price had dipped below S\$1.00 during the relevant period, and a 3:4 ratio was selected to comply without delaying the issuance.
• Handling of Fractional Shares:
  A shareholder suggested rounding up fractional entitlements. The Chairman noted the suggestion but the current approach will disregard and aggregate fractions for the company’s benefit.

Implications for Shareholders and Potential Market Impact

This bonus issue is a major corporate action that could have several impacts:

• Increased Liquidity: The substantial increase in shares on issue should enhance trading liquidity and potentially attract more investors.
• Share Price Adjustment: The market price of OKP Holdings shares will be adjusted downwards on the ex-bonus date to reflect the increased share base, though the total market capitalization should remain unchanged.
• Odd Lots: The 3:4 ratio may result in some shareholders holding odd lots after the bonus issue, which could affect trading for those with non-standard holdings.
• Compliance with SGX: The company’s adherence to SGX Listing Rules demonstrates prudent regulatory compliance, which is generally favorable for investor confidence.

What Shareholders Should Do

Shareholders are advised to monitor company announcements for the record date, understand how the bonus issue will affect their holdings, and consider any implications for their investment strategy, particularly concerning the handling of fractional shares and the potential creation of odd lots.

Conclusion

The approval of this large-scale bonus issue marks a significant development for OKP Holdings Limited and could lead to notable changes in the company’s share structure and market dynamics. Investors should stay updated for further announcements regarding the record date and ex-bonus date, as these will be critical for portfolio planning.

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research or consult a qualified financial advisor before making any investment decisions.

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