China Smart Health (00348) plans to carry out a share merger based on a “5 merge 1” basis

Zhitong Finance App News, China Smart Health (00348) issued an announcement. The board of directors proposed a share merger based on the basis that the issued and unissued existing shares with a face value of HK$0.01 per 5 shares in the company's share capital will be merged into 1 consolidated share with a face value of HK$0.05 per share.

As of the date of this announcement, the authorized share capital of the Company was HK$1.5 billion, divided into 150 billion existing shares with a face value of HK$0.01 per share. Of these, 770 million existing shares have been allotted and issued, and fully paid up or recorded in the accounts.

After the share merger comes into effect, based on the fact that the Company will not allocate, issue or repurchase any existing shares until the share merger is completed, the Company's authorized share capital will be HK$1.5 billion, divided into 30 billion shares of ordinary shares with a face value of HK$0.05 per share. Of these, 154 million consolidated shares will be issued and fully paid or recorded in the accounts.

The trading unit for each lot of existing shares currently traded on the Stock Exchange is 10,000 existing shares. After the share merger comes into effect, the trading unit for each lot of the consolidated shares will remain unchanged at 10,000 shares per lot of consolidated shares.