Time Interconnect Technology Limited — Share Issue/Capital Change 2025

Mar 17, 2025

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1729)

CHANGE IN BOARD LOT SIZE

The Board hereby announces that the board lot size of the Shares for trading on the Stock Exchange will be changed from 8,000 Shares to 1,000 Shares with effect from 9:00 a.m. on Tuesday, 8 April 2025. The expected timetable for such change in board lot size is set out in the main text below.

Shareholders of the Company may submit their existing share certificates in board lots of 8,000 Shares each to the Branch Share Registrar in exchange for new Share certificates in board lot of 1,000 Shares each free of charge during business hours from 9:00 a.m., Monday, 24 March 2025 to 4:30 p.m., Tuesday, 6 May 2025 (both days inclusive).

The board (the "Board") of directors ("Directors") of Time Interconnect Technology Limited (the "Company") hereby announces that the board lot size of the ordinary shares in the Company (the "Share(s)") for trading on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") will be changed from 8,000 Shares to 1,000 Shares with effect from 9:00 a.m. on Tuesday, 8 April 2025.

The Shares are currently traded in board lot of 8,000 Shares each and the market value of each board lot of the Shares is HK$44,000 (based on the closing price of HK$5.500 per Share as quoted on the Stock Exchange as at the date of this announcement). Upon the change in board lot size becoming effective, the Shares shall be traded in board lot of 1,000 Shares each and the estimated market value of each board lot of the Shares will be HK$5,500 (based on the closing price of HK$5.500 per Share as quoted on the Stock Exchange as at the date of this announcement). The change in board lot size will reduce the value of the board lot of the Shares.

As no odd lots of the Shares will result from the aforesaid change in board lot size (other than those already existing before such change becoming effective), no odd lot arrangement is required to be made to match the sales and purchases of odd lots.

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The change in board lot size will not result in any change in the relative rights of the shareholders of the Company (the "Shareholder(s)"). The Board expects that the reduction in board lot size will lower the threshold for investors to purchase the Shares, which will enable the Company to facilitate the trading and improve the liquidity of the Shares by attracting more investors and therefore broaden the shareholder base of the Company. The Board considers that the change in board lot size is in the interest of the Company and its shareholders as a whole.

As at the date of this announcement, the Company has no intention to carry out other corporate actions in the next twelve months which may have an effect of undermining or negating the intended purpose of the change in board lot size and the Company does not have any intention to conduct other fund raising activities in the next twelve months. However, the Board cannot rule out the possibility that the Company will conduct debt and/or equity fund raising exercises when suitable fund raising opportunities arise in order to support the operations and future development of the Group. The Company will make further announcement in this regard in accordance with the Rules Governing the Listing of Securities on the Stock Exchange as and when appropriate.

EXPECTED TIMETABLE

The expected timetable for the change in board lot size is set out below:

Events	Hong Kong Date and Time
First day for free exchange of existing share certificates in board lot of 8,000 Shares each for new share certificates in board lot of 1,000 Shares each	Monday, 24 March 2025
Last day for trading of the Shares in board lot of 8,000 Shares each in the original counter	Monday, 7 April 2025
Effective date of the change in board lot size from 8,000 Shares each to 1,000 Shares each	Tuesday, 8 April 2025
Original counter for trading in the Shares in board lot of 8,000 Shares each becomes counter for trading in the Shares in board lot of 1,000 Shares each	9:00 a.m., Tuesday, 8 April 2025
Temporary counter for trading in the Shares in board lot of 8,000 Shares each opens	9:00 a.m., Tuesday, 8 April 2025
First day of parallel trading in the Shares (in board lot of 8,000 Shares each and board lot of 1,000 Shares each)	9:00 a.m., Tuesday, 8 April 2025

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Events	Hong Kong Date and Time
Temporary counter for trading in the Shares in board lot of 8,000 Shares each closes	4:10 p.m., Wednesday, 30 April 2025
Last day of parallel trading in the Shares (in board lot of 8,000 Shares each and board lot of 1,000 Shares each)	4:10 p.m., Wednesday, 30 April 2025
Last day for free exchange of existing share certificates in board lot of 8,000 Shares each for new share certificates in board lot of 1,000 Shares each	4:30 p.m., Tuesday, 6 May 2025

EXCHANGE OF NEW SHARE CERTIFICATES

Shareholders may submit their existing share certificates in board lot of 8,000 Shares each to the Company’s Hong Kong share registrar and transfer office, Tricor Investor Services Limited (the “Branch Share Registrar”) at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong, in exchange for new share certificates in board lot of 1,000 Shares each free of charge during business hours from 9:00 a.m., Monday, 24 March 2025 to 4:30 p.m., Tuesday, 6 May 2025 (both days inclusive).

After the expiry of such period, existing share certificates will be accepted for exchange only on payment of a fee of HK$2.50 (or such higher amount as may from time to time be specified by the Stock Exchange) for each new share certificate in board lot of 1,000 Shares each issued or each existing share certificate submitted, whichever number of share certificate involved is higher. It is expected that the new share certificates will be available for collection from the Branch Share Registrar by the Shareholders within 10 business days after delivery of the existing share certificates to the Branch Share Registrar for the purpose of exchange.

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With effect from Tuesday, 8 April 2025, all new share certificates will be issued in board lot of 1,000 Shares each (except for odd lots or where the Branch Share Registrar is otherwise instructed). All existing share certificates in board lot of 8,000 Shares each will continue to be good evidence of legal title to such Shares and be valid for delivery, trading and settlement purposes.

Save and except for the change in the number of Shares for each board lot, the new share certificates (for Shares in board lot of 1,000 Shares each) will have the same design and colour as the existing share certificates (for Shares in board lot of 8,000 Shares each).

By order of the Board
Time Interconnect Technology Limited
Cua Tin Yin Simon
Executive Director and Chief Executive Officer

Hong Kong, 17 March 2025

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Cua Tin Yin Simon and Mr. Wong Chi Kuen, one non-executive Director, namely Ms. Wang Laichun and three independent non-executive Directors, namely Mr. Ho Hin Shun, Mr. Luk Wai Shing and Mr. Chan Chung Shun Eric.

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