Summary by Moomoo AI
The Board of Directors of Lung Chung China Holdings Limited (“Lung Chung China”) proposes to amend the Company's Articles of Association and Rules to comply with the latest regulatory requirements of the Hong Kong Stock Exchange Limited regarding paperless listing mechanisms and electronic publication of company communications. The amendments included an increase in share capital to HK$1,050 billion, shares to 1,050 million shares with an face value of HK$0.10 per share, and updated references to relevant regulations. In addition, the amendments concern the provision for sending documents by electronic means of communication and the posting of documents on the company's website. The Board of Directors will propose a special resolution at the Annual General Meeting on 20 May 2024 for amendment. Until the amendment is passed, the current organizational charter and rules will remain in force. Relevant circulars and notices will be sent to shareholders in due course.