On the evening of December 22, Carpenter Tam announced on the Hong Kong Stock Exchange that the board of directors proposed applying to the Companies Registry to move from the Cayman Islands to Hong Kong in accordance with the Hong Kong Law “Companies Ordinance 2025”, and apply for deregistration in the Cayman Islands after obtaining a certificate of registration issued by the Companies Registry. As far as the transfer of records is concerned, the board of directors will then further propose the adoption of new rules to replace the existing statute outline and rules in accordance with the provisions of Hong Kong law. The company will make further announcements in due course on the details of this proposal and other proposals relating to the reorganization.

On the evening of December 22, Carpenter Tam announced on the Hong Kong Stock Exchange that the board of directors proposed applying to the Companies Registry to move from the Cayman Islands to Hong Kong in accordance with the Hong Kong Law “Companies Ordinance 2025”, and apply for deregistration in the Cayman Islands after obtaining a certificate of registration issued by the Companies Registry. As far as the transfer of records is concerned, the board of directors will then further propose the adoption of new rules to replace the existing statute outline and rules in accordance with the provisions of Hong Kong law. The company will make further announcements in due course on the details of this proposal and other proposals relating to the reorganization.