WS-SK Target Group Limited — Share Issue/Capital Change 2021

Aug 16, 2021

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.

SK TARGET GROUP LIMITED 瑞強集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8427)

(1) POLL RESULTS OF THE EXTRAORDINARY GENERAL MEETING HELD ON 16 AUGUST 2021; AND (2) SHARE CONSOLIDATION

The Board is pleased to announce that the resolution approving the Share Consolidation was duly passed by the Shareholders by way of poll at the EGM held on 16 August 2021.

All the conditions to the Share Consolidation have been fulfilled and the Share Consolidation will become effective on Wednesday, 18 August 2021.

Reference is made to the circular of the Company dated 30 July 2021 (the “ Circular ”) and the announcement of the Company dated 23 July 2021 (the “ Announcement ”) regarding, among others, the Share Consolidation. Capitalised terms used in this announcement shall have the same meanings as those defined in the Circular and the Announcement unless otherwise specified herein.

POLL RESULTS OF THE EGM

The Board is pleased to announce that the resolution approving the Share Consolidation, as set out in the notice of the EGM dated 30 July 2021 (the “ Resolution ”) was duly passed by the Shareholders by way of poll as ordinary resolution at the EGM held on 16 August 2021.

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The total number of issued shares of the Company entitling the holders to attend and vote at the EGM was 784,200,000 Shares, which was the total number of Shares entitling Shareholders to attend and vote for or against the proposed resolution at the EGM. No Shareholder was required under the GEM Listing Rules to abstain from voting and no Shareholder was entitled to attend and vote only against the resolution at the EGM. None of the Shareholders was required to abstain from voting in favour of the resolution at the EGM.

The Company’s branch share registrar and transfer office in Hong Kong, Tricor Investor Services Limited, acted as scrutineer for the poll at the EGM. The poll results in respect of the resolution at the EGM are as follows:

Ordinary Resolution(Note 1)	Number of Votes (%)(Note 2)	Number of Votes (%)(Note 2)	Number of Votes (%)(Note 2)
	For	Against	Total
To approve the Share Consolidation	238,620,250(100%)	0(0%)	238,620,250(100%)

Notes:

1. The full text of the Resolution is set out in the notice of the EGM dated 30 July 2021.

2. The number of votes and percentage are based on the total number of Shares held by the Shareholders who voted at the EGM in person or by proxy or corporate representative.

As more than 50% of the votes were cast in favour of the Resolution, the Resolution was duly passed as ordinary resolution of the Company.

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SHARE CONSOLIDATION

The Board is also pleased to announce that the Share Consolidation will become effective on Wednesday, 18 August 2021. Please refer to the Circular and the Announcement for details, including the trading arrangement, matching services for odd lots in connection with the Share Consolidation and the exchange of share certificates in respect of the Share Consolidation. Shareholders should note that upon the Share Consolidation becoming effective, new share certificates of the Consolidated Shares in the colour of orange will be issued to the Shareholders.

By order of the Board SK Target Group Limited Loh Swee Keong Chairman and Executive Director

Hong Kong, 16 August 2021

As at the date of this announcement, the Board comprises one Executive Director, namely, Mr. Loh Swee Keong and three Independent Non-executive Directors, namely, Mr. Yau Ka Hei, Mr. Chu Kin Ming and Mr. Ma, She Shing Albert.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Company Announcements” page of the GEM website at www.hkgem.com for at least 7 days from the date of its posting and on the website of the Company at www.targetprecast.com.

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