On January 12, Gelonghui Holdings (00756.HK) issued an announcement. The board of directors proposed merging shares according to the “10 merge 1” basis. As of the date of this announcement, the Company had 3,405.6 billion outstanding shares paid up or recorded as fully paid. Assuming that no further shares have been issued between the date of this announcement and the date of the special shareholders' meeting, after the share merger comes into effect, the company will have 340.6 million shares paid up or recorded as fully issued consolidated shares. The authorized share capital of the company will remain HK$50 million, but it will be divided into 500 million consolidated shares with a face value of HK$0.1 per share.

Subject to restrictions and subject to the share merger taking effect, it is proposed to change the trading unit for each lot of shares on the Stock Exchange from 4,000 existing shares to 2,000 consolidated shares.