Yu Cheng Kejin (00279) plans to “merge 20 and 1” shares

Zhitong Finance App News, Yu Cheng Kejin (00279) issued an announcement. The board of directors proposed merging every 20 existing shares in the company's share capital into 1 consolidated share. At the date of this announcement, 21,622 billion outstanding shares were fully paid or recorded as fully paid. Assuming that existing shares will not be further allotted, issued, or repurchased from the date of this announcement until the date of the special shareholders' meeting, 1,081 billion issued consolidated shares will be fully paid or recorded as fully paid up after the share merger comes into effect.

On the date of this announcement, existing shares were traded on the Stock Exchange with 6,000 existing shares per trading unit. After the share merger comes into effect, the trading unit for each lot of the consolidated shares will remain 6,000 consolidated shares.