Zhengwei Group (2147) Announces Proposed 20-to-1 Share Consolidation

Bulletin Express11-01

Zhengwei Group Holdings Company Limited (2147) announced a proposed share consolidation that would combine every 20 issued and unissued shares with a par value of US$0.01 into 1 consolidated share with a par value of US$0.2. This initiative, pending shareholder approval, aims to meet the trading requirements under the Listing Rules and maintain a higher trading price per board lot.

Currently, the company has 1,120,000,000 issued shares and expects to reduce this to not more than 56,000,000 consolidated shares if the consolidation takes effect without additional issuance or repurchase. The board lot size of 4,000 shares would remain the same after consolidation.

The plan requires approval at the upcoming annual general meeting and is subject to fulfillment of conditions including regulatory clearances. If approved, the consolidation would take effect on December 4, 2025, with free exchange of share certificates available from December 4, 2025, through January 14, 2026. An arrangement to address odd lot holdings will also be provided. The company stated that the consolidation may or may not proceed; shareholders and investors are advised to exercise caution in their dealings.

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