According to the Zhitong Finance App, China Zhuchen 81 (00810) issued an announcement. The board of directors proposed a share merger. The basis is the merger of issued and unissued existing shares with a face value of HK$0.01 per 20 shares into a consolidated share with a face value of HK$0.20 per share.

On the date of this announcement, existing shares were traded on the Stock Exchange with existing trading units of 6,000 existing shares per lot. The board of directors recommended that after the share merger comes into effect, the trading unit of each lot at the time of trading on the Stock Exchange will be changed to 1,000 consolidated shares. Based on the closing price of HK$0.097 (equivalent to the theoretical price of HK$1.940 per consolidated share) as reported by the Stock Exchange on the date of this announcement: (i) the value of 6,000 existing shares per trading unit is HK$582; and (ii) assuming that the change in each lot unit has also taken effect, the value of 1,000 consolidated shares per new trading unit will be HK$1940.

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