CHINASOUTHCITY: No Share Capital Movement in March 2026 as 15 Million Options Expire

Bulletin Express
Apr 08

China South City Holdings Limited (In Liquidation) filed its monthly return for the period ended 31 March 2026, confirming that core share capital metrics remained unchanged while previously granted share options expired.

Key highlights:

1. Authorised/Registered Share Capital • The company continues to operate under a no-par-value regime; authorised share capital stood at HKD 0 with no change during the month.

2. Issued Shares and Public Float • Issued ordinary shares were stable at 11.44 billion. • No treasury shares were held or cancelled. • The board confirmed ongoing compliance with the Main Board’s minimum 25% public-float requirement.

3. Share Option Scheme Activity • All 15.00 million outstanding options (granted 29 June 2021 under the Share Option Scheme approved 13 September 2019, exercise price HKD 1.00) lapsed in March. • As a result, the scheme now has zero outstanding or exercisable options, and no shares were issued or treasury shares transferred during the month.

4. Absence of Other Equity Movements • No warrants, convertible securities, Hong Kong depositary receipts, or other share-linked instruments were issued, converted, or redeemed. • The company did not undertake any share repurchases.

5. Regulatory Compliance • Management certified that all activities detailed in the return complied with Hong Kong listing rules and relevant statutory obligations, and that all required filings were completed.

China South City remains in liquidation, and the latest filing underscores a static equity structure with the only change being the expiry of unexercised share options.

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