Zhitong Finance App News, Xingkai Holdings (01166) announced that the board of directors proposed a share merger. According to this, every 20 issued and unissued existing shares in the company's share capital will be consolidated into 1 consolidated share. Stock consolidation is subject to approval by shareholders (including) at the Extraordinary General Meeting of Shareholders.

As of the date of this announcement, the trading unit for each lot of existing shares on the Stock Exchange was 20,000 existing shares. The board of directors recommended that after the share merger comes into effect, the trading unit of each lot traded on the Stock Exchange will be changed from 20,000 existing shares to 10,000 consolidated shares.