GRACEWINE clarifies the suspension of share transfer registration date, special dividend record date, and payment date. Resumes trading on April 10

According to the announcement from GRACEWINE (08146), as disclosed in the company's announcement dated April 8, 2025, in order to allow more time for the company to arrange the special dividend, it is expected that the time for handling the transfer of Hong Kong shares will be delayed, and the transfer of Hong Kong shares will be suspended from May 14, 2025 (Wednesday) to May 15, 2025 (Thursday) (including both days); the record date for the special dividend will be postponed to May 15, 2025 (Thursday) (at the end of business hours); and the payment date for the special dividend will be delayed to May 30, 2025 (Friday).

As disclosed in the company's announcement dated March 28, 2025, the completion of the sale was confirmed on March 28, 2025. The total consideration for the sale 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 payable to Macmillan Equity, Palgrave Enterprises, and Ms. Wang as disclosed in the circular, as well as the special dividends from Epic Wealth. When arranging 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), it would not be possible for them to not receive the special dividend. Therefore, the company has now obtained interest-free financial assistance of HKD 71 million from Ms. Chen to facilitate the payment of the special dividend through the Central Clearing System (including payments to Macmillan Equity, Palgrave Enterprises, and Ms. Wang). According to Ms. Chen's confirmation, this financial assistance is fully exempt under GEM Listing Rule 20.88 because it is conducted on normal commercial terms or better; and it is not secured against the assets of the Group. 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 to the company. Upon receiving the respective repayments of the special dividend from Macmillan Equity, Palgrave Enterprises, and Ms. Wang, the company will settle those funds with Ms. Chen as repayment for the financial assistance.

Since the company is able to obtain financial assistance from Ms. Chen to pay the special dividend announced on March 24, 2025, the record date for the special dividend, the suspension of share transfer registration date, and the payment date can proceed as originally disclosed on March 24, 2025, and therefore no postponement is necessary.

To clarify, the company will suspend the handling of the transfer of Hong Kong shares from April 10, 2025 (Thursday) to April 11, 2025 (Friday) (including both days), during which no transfer registration of Hong Kong shares will be processed. To determine the shareholders entitled to receive the special dividend, all share transfer documents along with the relevant stocks must be delivered to the company's Hong Kong share transfer registration office, Tricor Investor Services Limited, at 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong, no later than 4:30 PM on April 9, 2025 (Wednesday) The special dividend will be paid to shareholders listed on the company's register as of the close of business on April 11, 2025 (Friday).

The company has applied to the Stock Exchange for the resumption of trading of its shares on the Stock Exchange starting from 9:00 AM on April 10, 2025