HKR International Limited Announces Forfeiture of Unclaimed 2018/2019 Dividends

Key Highlights

• Forfeiture of Unclaimed Dividends: HKR International Limited has announced that unclaimed dividends for the financial year ended 31 March 2019 have been officially forfeited and will revert to the Company.
• Relevant Dividend Payments: The unclaimed dividends include the interim dividend of HK 4 cents per share (declared on 21 November 2018, paid on 21 December 2018) and the final dividend of HK 6 cents per share (declared on 19 June 2019, paid on 16 September 2019).
• Total Forfeited Amount: The total amount of unclaimed dividends now reverted to the Company amounts to HK\$47,416.22.
• Forfeiture Date: The forfeiture is effective as of 17 March 2026, in accordance with the Company’s Articles of Association.

Details of the Announcement

HKR International Limited (the “Company”, Stock Code: 00480) has notified shareholders that, pursuant to its Articles of Association, any dividend amounts unclaimed for a period are subject to forfeiture and will revert to the Company. This is a standard corporate governance measure to ensure that outstanding, unclaimed dividend funds are managed efficiently.

On 18 August 2025, shareholders were reminded that any unclaimed dividends for the year ended 31 March 2019, remaining unclaimed on 17 September 2025, would be forfeited. As no claims were received by the cutoff date, a total of HK\$47,416.22 covering both interim and final dividends is now formally returned to the Company as of 17 March 2026.

The announcement was made by the Company Secretary, Ms. Leung Wai Fan.

What Shareholders Need to Know

• Impact on Shareholders: Shareholders who did not claim their dividends for the 2018/2019 financial year by the specified deadline have now forfeited their entitlement to those funds. The sum will not be available for future claims.
• Potential Impact on Share Value: The forfeited amount (HK\$47,416.22) is relatively small compared to the overall market capitalization of the Company and is unlikely to significantly impact the share price. However, investors should be aware that the Company follows a strict policy regarding unclaimed dividends.
• Corporate Governance: The enforcement of this dividend policy demonstrates the Company’s adherence to its Articles and good governance practices, which may be viewed positively by some institutional investors.
• Directors and Board Composition: The announcement also confirms the current composition of the Board, including Executive Chairman Mr. Cha Mou Zing Victor, Executive Directors, Non-executive Directors, and Independent Non-executive Directors, reflecting a robust governance structure.

Conclusion

While the forfeiture of unclaimed dividends is a standard administrative procedure, investors are reminded to ensure timely claims on dividends to avoid loss of entitlements. The sum involved is immaterial and not expected to affect the Company’s share price in any meaningful way. No broader implications for financial performance or dividend policy are indicated.

Disclaimer

This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research or consult their financial advisor before making investment decisions. The Company and the Stock Exchange of Hong Kong Limited take no responsibility for the contents of this article.

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