A. A bonus issue is also known as a capitalization issue.

B. A stock split (in a company with share par value) is also known as a share subdivision.

C. A reverse split (in a company with share par value) is also known as a capital reduction.

D. A stock consolidation (in a company with share par value) is also known as a reversesplit

E. For a Cayman Island incorporated entity Y, with 2,000 million shares outstanding of par

$0.10, a 2 into 1 stock consolidation would result in cancellation of all Ys 2 billion shares.

After the split, Y would have 1 billion shares of par $0.20 each in issue.

F. For Cayman Island incorporated company LMN with 1,000 million ordinary shares outstanding of par $0.10, a 9 for 1 bonus issue results in the issuance of 9,000million

ordinary new shares of par $0.10 each.

G. For the question above, there is a transfer of $900 million to LMNs issued share capital

ledger account from its reserves (within the owners equity of the balance sheet).

H. In relation to Question 20, the original 1,000 million shares of par $0.10 incompany

LMN remain in issue on completion of the bonus issue.

I. For a Cayman-Island incorporated entity Y, with 3,000 million shares outstanding of par

$0.10, a 1 into 2 stock split would result in cancellation of all Ys 3,000 million shares.

After the split, Y would have 6,000 million shares of par $0.05 each in issue.

J. The 10% Mandate, as relevant to on-market company buy-backs in HKEX-listed companies, is granted automatically for every listed company on HKEX from the date of such companies annual general meeting (i.e., the Mandate does not require shareholder

support of a resolution or proposal on the subject).

indicate whether each statement is true or false