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Notice Of Book Closure

BOOKS CLOSURE DATE FOR THE CONSOLIDATION OF EVERY FOUR (4) ORDINARY SHARES OF USD0.01 EACH IN XIDELANG HOLDINGS LTD ("XDL" OR THE "COMPANY") INTO ONE (1) ORDINARY SHARE OF USD0.04 ("CONSOLIDATED SHARE") AT 5.00 P.M. ON 17 MAY 2017 ("SHARE CONSOLIDATION") ("BOOKS CLOSURE DATE").

Kindly be advised of the following : 

1)  The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 15 May 2017
2)  The last date of lodgment : 17 May 2017 

Remarks 1: The actual number of Consolidated Shares to be issued would depend on the issued and paid-up share capital of XDL on the Books Closure Date. Fractional entitlements arising from the Share Consolidation shall be disregarded and dealt with by the Board of Directors of the Company in such manner at its absolute discretion as it may deem fit or expedient and in the best interests of the Company. The Consolidated Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 18 May 2017, being the next market day following the Books Closure Date. The notice of allotment for the Share Consolidation will be despatched to the entitled shareholders not later than four (4) market days after the date of listing and quotation of the Consolidated Shares on Bursa Securities. 

Remarks 2: Participating Organisations are to take note of the following Share Consolidation exercise by XIDELANG HOLDINGS LTD.

The Share Consolidation comprises the following:-

SHARE CONSOLIDATION OF EVERY FOUR (4) ORDINARY SHARES OF USD0.01 EACH IN XIDELANG HOLDINGS LTD ("XDL" OR THE "COMPANY") INTO ONE (1) ORDINARY SHARE OF USD0.04 ("CONSOLIDATED SHARE") AT 5.00 P.M. ON 17 MAY 2017 ("SHARE CONSOLIDATION").

In relation to the Share Consolidation undertaken by XDL as a SPEEDS Corporate Exercise, Bursa Malaysia Securities Berhad would like to highlight that:

a) on or after the Ex-date on 15 May 2017, trading of XDL shares will be based on the newly adjusted share after the Share Consolidation of XDL shares,

b) on the basis of settlement taking place after 17 May 2017 with consolidated XDL shares USD0.04 each, any entitled shareholder who owns XDL shares as at Ex-date may sell only up to the maximum XDL shares he expects to receive after the Share Consolidation, i.e. the reduced amount, on or after the Ex-date 15 May 2017.

With the adjustments pursuant to the Share Consolidation effected on XDL shareholders’ CDS account at the end of the Entitlement Date (“Books Closure Date”), an entitled XDL shareholder may use the following basis to estimate the maximum number of XDL shares that he may sell from the Ex-date until the Book Closing Date which is from 15 May  2017 until 17 May 2017.

 Number of XDL shares that may be                =                 Number of shares held x 0.25

sold on 15 May 2017 until 17 May 2017                               (All fractional shares computed should be disregarded)  

Illustration:

For example, if Mr X owns or purchases 1000 XDL shares (of USD0.01 par value each) on cum basis on 12 May 2017, his CDS account would still show 1000 XDL shares (of USD0.01 par value each) until 17 May 2017. However, as a result of the above Share Consolidation exercise, Mr X’s 1000 XDL shares of USD0.01 each in his CDS account will be adjusted to 250 XDL shares of USD0.04 each on the night of 17 May 2017 which is the Book Closing Date. Therefore Mr X may, if he so wishes, sells only up to 250 XDL shares of USD0.04 each on or after the Ex-date i.e. from 15 May 2017 onwards.

Participating Organisations are hereby requested to caution all dealers and remisiers that, during the period from 15 May 2017 until 17 May 2017, they are only entitled to sell the maximum of 25% of the shares owned before the Ex-date. Participants Organisations are reminded that it is important to caution all dealers and remisiers on the above to prevent the dealers and remisiers from overselling of their client’s position.  

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