Contel Technology Issues Clarification on Shareholding Structure Following Share Consolidation

Key Highlights

• Contel Technology Company Limited has issued a clarification regarding the shareholding of its controlling shareholder, P.Grand, following a recent share consolidation exercise.
• The share consolidation, implemented on 21 November 2025, converted every 10 old shares into 1 new share.
• The company clarified that, post-consolidation, P.Grand now holds 66,274,600 shares, representing approximately 50.29% of the entire issued share capital—unchanged in percentage terms from prior disclosures, but revised in absolute numbers.
• This update corrects prior announcements, which had referred to the pre-consolidation figure of 662,746,000 shares.
• There is no change to the percentage held by P.Grand, nor to other information previously announced by the company.

Details for Investors

Contel Technology Company Limited, listed on the Hong Kong Stock Exchange (Stock Code: 1912), issued a clarification announcement to address a technical adjustment in its shareholding disclosure. The clarification follows a share consolidation that took effect on 21 November 2025, where every 10 old shares were consolidated into 1 new share.

In previous announcements dated 13 February 2026 and 3 March 2026, the company disclosed that its controlling shareholder, P.Grand, was beneficially interested in 662,746,000 shares. This figure has now been corrected to reflect the post-consolidation number of 66,274,600 shares. Despite this numerical adjustment, P.Grand’s ownership stake remains at 50.29% of Contel Technology’s total issued share capital.

The company confirmed that, aside from this technical update, there have been no other changes to previously disclosed information. The Board remains composed of Mr. Lam Keung (Chairman), Ms. Cheng Yu Pik, Mr. Chan Kwok Kuen Kenneth, Mr. Dan Kun Lei, Raymond, and Mr. Lai Man Shun.

Potential Impact on Shareholders and Share Price

• This update is primarily administrative and technical, ensuring that shareholding disclosures accurately reflect the share consolidation.
• There is no change to the effective control or ownership percentage of the company’s major shareholder, P.Grand.
• No new developments regarding management, corporate actions, or financial performance have been disclosed.
• As such, the announcement is unlikely to have a material impact on the company’s share price, as it does not alter the fundamental ownership structure or the value of the company.

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 due diligence and consult with professional advisors before making investment decisions. The information provided is based on company disclosures as of the date stated and may be subject to change.

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