Wing Yip Food China Holdings Group Ltd.
Wing Yip Food China Holdings Group Ltd.
04/01/2026 | Press release | Distributed by Public on 04/01/2026 10:08
Announcement in respect of Share Consolidation (Form 6-K)
Resolution on Share Consolidation
1. Details of Share Consolidation
| Category | Subcategory | Before Consolidation | After Consolidation | |
| Value per Share (KRW) | 1,359 | 5,437 | ||
| Total Issued Shares | Ordinary Shares (Shares) | 50,330,928 | 12,582,732 | |
| Total Issued Shares | Preferred Shares (Shares) | - | - |
2. Schedule of Share Consolidation
| Event | Sub-event | Date |
| Scheduled General Meeting of Shareholders | 2026-04-22 | |
| Old Share Submission Period | Start Date | - |
| Old Share Submission Period | End Date | - |
| Effective Date of New Shares | 2026-05-08 | |
| Scheduled Trading Halt Period | Start Date | 2026-05-06 |
| Scheduled Trading Halt Period | End Date | 2026-06-01 |
| Nominee Service Suspension Date | - | |
| Scheduled New Share Delivery Date | - | |
| Scheduled New Share Listing Date | 2026-06-02 |
3. Purpose of Share Consolidation
To stabilize the proper circulation of shares and enhance corporate value
4. Board Resolution Date
| Board Resolution Date | 2026-03-30 | |
| Participation of Independent Directors | Attended (Persons) | 3 |
| Participation of Independent Directors | Not Attended (Persons) | - |
| Participation of Supervisors (Supervisory Committee Members who are not Independent Directors) | - |
5. Other Matters for Investment Reference
1. This matter is a share consolidation for maintaining corporate value and does not constitute a capital reduction that would result in a decrease in registered capital.
2. The consolidation ratio for this share consolidation is 4:1.
3. The Company is a Hong Kong legal person, and the shares issued in accordance with the Hong Kong Companies Ordinance are no-par value shares. The "Amount per Share" stated above represents the stated capital per share. The stated capital per share is converted using the exchange rate announced by the Seoul Foreign Exchange Broker on March 30, 2026: 1 RMB = 217.91 KRW.
4. For fractional shares of less than 1 share arising from the share consolidation, cash payment is planned based on the closing price on the first trading day of the new shares' listing.
5. In the above 1. Details of Share Consolidation, the total number of issued shares after consolidation may change due to fractional shares of less than 1 share.
6. The resolution for this share consolidation is a matter to be considered at the General Meeting of Shareholders and may be subject to change based on the results of the General Meeting of Shareholders.
7. The above schedule and detailed contents may be subject to change during the negotiation and processing with relevant institutions.
※Relevant Disclosures
Wing Yip Food China Holdings Group Ltd. published this content on April 01, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on April 01, 2026 at 16:08 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]