Ridge Outdoor International Limited Implements Electronic Dissemination of Corporate Communications

Key Highlights

• Electronic-Only Corporate Communications: Ridge Outdoor International Limited (“the Company”, Stock Code: 2720) has officially adopted a new policy whereby all future corporate communications will be made available electronically, accessible through the Company’s website (www.ridgeoutdoor.com) and the Hong Kong Stock Exchange website (www.hkexnews.hk). Printed copies will only be sent upon explicit request by shareholders.
• No Publication Notices by Post: The Company will no longer send out physical notices to shareholders when new corporate documents are published online. Shareholders are expected to proactively monitor the Company’s and HKEX’s websites for all future communications.
• Request for Hard Copies: Shareholders who prefer printed copies can submit a written request using a designated form. Requests are valid until the end of the subsequent financial year, unless revoked or replaced. Continuing to receive printed documents requires a new written request every year.
• Investor Support and Contact Information: The Company provides a hotline and email support for any queries related to this transition. Shareholders can contact Tricor Investor Services Limited by phone at (852) 2980 1333 or email [email protected] during business hours.
• Personal Data Collection: The Company may collect and retain personal data such as name, contact number, email, and address for verification and record purposes. Shareholders have rights under the Personal Data (Privacy) Ordinance to access or correct their data upon written request.

Implications for Shareholders and Potential Price Sensitivity

• Cost Efficiency and Environmental Impact: By moving to electronic communications, the Company is likely to achieve cost savings on printing and postage, which may improve profitability and operational efficiency. This aligns with global trends toward sustainability and digital transformation, potentially enhancing the Company’s ESG (Environmental, Social, and Governance) profile.
• Access to Information: Shareholders must take responsibility for checking the Company’s and HKEX’s websites for new information. Failure to do so could mean missing out on important announcements, financial reports, meeting notices, or circulars, which could impact investment decisions.
• Regulatory Compliance: This move follows the amended Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, effective from 31 December 2023. This demonstrates the Company’s compliance with regulatory updates, which is positive for investor confidence.
• Potential Impact on Share Price: While this operational change is unlikely to directly move the share price in the short term, investors should note that improved cost management and regulatory compliance may have positive implications for long-term shareholder value.

What Investors Should Do

• Monitor Company and HKEX Websites: Investors should regularly check for updates to stay informed of any developments or actions required.
• Update Contact Information with Intermediaries: Non-registered shareholders are encouraged to ensure their email addresses are updated with banks, brokers, custodians, or other intermediaries to facilitate electronic communication.
• Request Hard Copies If Needed: Investors who still require printed documents must actively submit requests each year to continue receiving them.

Conclusion

Ridge Outdoor International Limited’s transition to electronic dissemination of corporate communications marks a significant step in modernizing its investor relations and operational processes. Investors should adapt to this change to ensure they continue receiving timely and critical information from 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 consult their professional advisors before making any investment decisions.

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