Fuxing China Group Limited Issues Clarification on Scrip Dividend Scheme

Key Highlights for Investors

• Clarification Issued: Fuxing China Group Limited has released a clarificatory announcement regarding its proposed “Fuxing Scrip Dividend Scheme.” This follows their original announcement dated 13 April 2026.
• Definition of “Overseas Members” Updated: A key update has been made to the definition of “Overseas Members” to ensure consistency within the scheme’s official documentation.
• Eligibility Criteria for Scrip Dividend: The clarified definition affects which shareholders are considered “Overseas Members” and thus may impact their eligibility to participate in the scrip dividend scheme.
• Potential Impact on Shareholders: The clarification could affect overseas investors’ ability to receive notices, documents, and possibly their entitlement to scrip dividends, depending on whether they have registered a Singapore address by the specified deadline.

Details of the Clarification

The Board of Directors of Fuxing China Group Limited (the “Company”) has issued a formal clarification regarding the definition of “Overseas Members” in its proposed scrip dividend scheme documentation. The revised definition now states:

“Overseas Members”: Members or, as the case may be, Depositors holding Shares through CDP with registered addresses outside Singapore and who have not provided to the Company or (as the case may be) CDP, not later than three Market Days prior to the Record Date, addresses in Singapore for the service of notices and documents.

This clarification ensures consistency within the official documents of the Scrip Dividend Scheme. No other changes have been made to the original announcement or the accompanying Statement.

Important Considerations for Shareholders

• Action Required by Overseas Shareholders: Shareholders (or Depositors) who hold shares through the Central Depository (CDP) and have addresses registered outside Singapore are classified as “Overseas Members.” Unless they provide a valid Singapore address at least three Market Days before the Record Date, they may not be eligible for certain notices, documents, or possibly the scrip dividend itself.
• Potential Impact on Share Value: This clarification could be price sensitive, particularly for overseas investors who may be excluded from the scheme if they do not update their address information in time. This could affect their willingness to hold shares or influence trading activity, especially ahead of the Record Date.
• Unchanged Aspects: Aside from the clarification above, all other information in the initial announcement and Scrip Dividend Scheme Statement remains unchanged.

Next Steps and Recommendations

• Read the Full Statement: Investors are strongly advised to read the full text of the Scrip Dividend Scheme Statement for complete details.
• Update Address Information: Overseas shareholders who wish to participate in the scrip dividend scheme should ensure their Singapore address is registered with the Company or CDP as soon as possible.
• Monitor Further Announcements: The company may release additional information or clarifications as the scheme progresses. Investors should stay alert for any updates.

Conclusion

The Board, led by Executive Chairman Hong Qing Liang, has made it clear that this announcement is issued for clarification purposes and should be read in conjunction with the full Scrip Dividend Scheme Statement. This update is significant for overseas shareholders and could have implications for eligibility and future dividend distributions.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should consult the official company statements and seek professional advice before making any investment decisions. The author and publisher accept no liability for any losses arising from reliance on the information provided above.

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