Freeman Financial (HKG:0279) announced that the expected timetable in relation to its capital reorganisation and its rights issue on the basis of two rights shares for every adjusted share held has been revised.

The petition for the confirmation of the adjustment proposal is scheduled to be heard by the court on 15 March 2012 (Cayman time). If the court sanctions the adjustment proposal and assuming all the other conditions for the capital reorganisation set out in the circular are fulfilled, the capital reorganisation will take effect following the registration of the order and the minutes approved by the court with the Registrar of Companies of the Cayman Islands.

The effective date of the capital reorganisation is expected to be after 4:00 p.m., 20 March 2012 and the time for free exchange of existing share certificates for new share certificates is from 21 March 2012 to 2 May 2012.