GRACEWINE (08146) clarified that the record date for suspension of share transfer registration, special dividends, and payment dates will be April 10, resuming trading.

GRACEWINE (08146) Announcement: As disclosed in our announcement dated 8th April 2025, in order to provide more time for the company to arrange for a special dividend, the expected timeline for processing the transfer of Hong Kong shares will be delayed and will be suspended from 14th May 2025 (Wednesday) to 15th May 2025 (Thursday) (including both days). The record date for the special dividend will be postponed to 15th May 2025 (Thursday) (end of business hours); and the payment date for the special dividend will be delayed to 30th May 2025 (Friday). As disclosed in our announcement dated 28th March 2025, the completion of the sales transaction was effective on 28th March 2025. The total consideration for the sales transaction was also settled on the same day, and the special dividend will be paid from the total consideration received by the company. The total consideration received by the company has deducted the special dividends of Macmillan Equity, Palgrave Enterprises, and Ms. Wang as disclosed in the circular. During the arrangement of the special dividend, the company found that unless the shares of Macmillan Equity, Palgrave Enterprises, and Ms. Wang are removed from the Central Clearing and Settlement System (Central Clearing System), they cannot be excluded from receiving the special dividend. Therefore, the company has now obtained interest-free financial assistance of HK$71.1 million from Ms. Chen in order to pay the special dividend (including paying to Macmillan Equity, Palgrave Enterprises, and Ms. Wang) through the Central Clearing System. According to Ms. Chen's confirmation, this financial assistance is fully exempted under GEM Listing Rule 20.88 due to being carried out on normal or better commercial terms; and she has not used the group's assets as collateral. Macmillan Equity, Palgrave Enterprises, and Ms. Wang will receive the special dividend, and they have confirmed that they will fully repay the special dividend received by the company. After receiving the special dividends repaid by Macmillan Equity, Palgrave Enterprises, and Ms. Wang, the company will settle the funds with Ms. Chen as repayment of the financial assistance. As the company is able to receive financial assistance from Ms. Chen to pay the special dividend announced on 24th March 2025, the record date, suspension of share transfer registration date, and payment date of the special dividend can proceed as originally disclosed on 24th March 2025, without any delay. To clarify, the company will suspend the processing of Hong Kong share transfer registration from 10th April 2025 (Thursday) to 11th April 2025 (Friday) (including both days), and no Hong Kong share transfer registration procedures will be processed during this period. In order to determine shareholders' rights to receive the special dividend, all share transfer documents along with relevant shares must be submitted to the company's Hong Kong Share Transfer Registration Department at Zuo Jia Securities Registration Limited, 17th Floor, Far East Financial Centre, 16 Xia Jia Road, Hong Kong by 9th April 2025 (Wednesday) before 4:30 pm. The special dividend will be paid to shareholders listed in the company's register on 11th April 2025 (Friday) (end of business hours) on 9th May 2025 (Friday). The company has applied to the Stock Exchange for the resumption of trading of shares on the Stock Exchange from 10th April 2025 at 9:00 am.