AMTD Int’l Proposes for Name Change to “AMTD IDEA” and Announces Its New Ticker to Be “AMTD”

Rhea-AI Summary

AMTD International Inc. (NYSE: HKIB) announced an extraordinary general meeting (EGM) on March 1, 2022, to vote on a name change to 'AMTD IDEA Group' and a ticker change to 'AMTD' effective January 31, 2022. Shareholders of record as of January 31, 2022, will be able to vote at the EGM. The proposed changes are expected not to affect shareholders' rights or the company's financial position. AMTD International has also filed its annual report for the fiscal year ended December 31, 2020, with the U.S. SEC.

Positive

• The proposed name change to 'AMTD IDEA Group' may enhance brand alignment and market recognition.
• The ticker symbol change to 'AMTD' could simplify trading and improve visibility.

Negative

• None.

NEW YORK & HONG KONG & SINGAPORE--(BUSINESS WIRE)-- AMTD International Inc. (“AMTD International” or the “Company”) (NYSE: HKIB; SGX: HKB), a subsidiary of AMTD Group Company Limited (“AMTD Group”), today announced that it will hold an extraordinary general meeting of shareholders (the “EGM”) at 23/F Nexxus Building, 41 Connaught Road, Central, Hong Kong on March 1, 2022 at 10:00 am (Hong Kong time). The Company proposes to change its name from “AMTD International Inc.” to “AMTD IDEA Group” subject to approval by vote at the EGM. The Company also announced that the ticker symbol for the Company’s ADSs will be changed to “AMTD” effective on January 31, 2022. The proposed name change will not affect any rights of shareholders or the Company’s operations and financial position.

Holders of record of ordinary shares of the Company at the close of business on January 31, 2022 (the “Record Date”) are entitled to notice of, and to attend and vote at, the EGM or any adjourned or postponed meeting thereof. Holders of the Company’s American depositary shares (“ADSs”), each representing one Class A ordinary share of the Company, at the close of business on the Record Date who wish to exercise their voting rights for the underlying Class A ordinary shares must act through The Bank of New York Mellon, the depositary of the Company’s ADS program.

The notice of the EGM, which sets forth the resolutions to be submitted to the shareholders of the Company for approval at the EGM, is available on the Company’s website at http://ir.amtdinc.com.

The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2020, with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s annual report on Form 20-F can be accessed on the Company’s website at http://ir.amtdinc.com and on the SEC’s website at http://www.sec.gov.

About AMTD International Inc.

AMTD International Inc. (NYSE: HKIB; SGX: HKB) is a premier Hong Kong-headquartered financial institution group connecting companies and investors from Asia, including Mainland China and Hong Kong as well as the ASEAN markets with global capital markets. Its comprehensive one-stop financial service solutions strategy addresses different clients’ diverse and inter-connected financial needs across all phases of their life cycles. Leveraging its deep roots in Asia and its unique eco-system — the “AMTD SpiderNet” — the Company is uniquely positioned as an active super-connector between clients, business partners, investee companies, and investors, connecting the East and the West. For more information, please visit www.amtdinc.com or follow us on Twitter at “@AMTDGroup.” For the Company’s announcements, please visit http://ir.amtdinc.com/news.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about AMTD International’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in AMTD International’s filings with the SEC. All information provided in this press release is as of the date of this press release, and AMTD International does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220120005974/en/

IR Office

AMTD International Inc.

TEL: +852 3163-3389

EMAIL: ir@amtdinc.com

Source: AMTD International Inc.

FAQ

What is the purpose of AMTD International's extraordinary general meeting on March 1, 2022?

The EGM is to vote on a proposed name change to 'AMTD IDEA Group' and a ticker symbol change to 'AMTD'.

When will the ticker symbol for AMTD International change to 'AMTD'?

The ticker symbol will change to 'AMTD' effective January 31, 2022.

Who is eligible to vote at the AMTD International EGM?

Holders of record of ordinary shares at the close of business on January 31, 2022, are entitled to vote.

What financial report has AMTD International filed with the SEC?

AMTD International has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020.