ZHENGWEI GROUP Proposes Share Consolidation on 20-to-1 Basis

Deep News11-02

ZHENGWEI GROUP (02147) announced that its board has proposed a share consolidation on the basis of every 20 issued and unissued existing shares with a par value of $0.01 each being consolidated into one share with a par value of $0.20.

As of the announcement date, 1.12 billion existing shares have been allotted and issued, with no treasury shares held by the company. After the share consolidation takes effect, assuming no further issuance, repurchase, or cancellation of existing shares from the announcement date to the consolidation effective date, the total number of consolidated shares issued will not exceed 56 million.

Currently, the trading lot size for existing shares on the Hong Kong Stock Exchange is 4,000 shares per board lot. Following the consolidation, the trading lot size for consolidated shares will remain at 4,000 shares per board lot.

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