Life Concepts (08056) released an announcement that the board of directors of the company recommends implementing stock consolidation, combining every 20 issued and unissued existing shares of the company's capital stock into 1 consolidated share. As of the date of this announcement, the company has 1.898 billion fully paid or credited as fully paid existing shares. Assuming no further issuance or repurchase of existing shares from the date of this announcement until the special general meeting of shareholders, the company will have 94.9145 million fully paid consolidated shares issued and credited as fully paid after the stock consolidation takes effect.

As of the date of this announcement, the existing shares traded on the Stock Exchange of Hong Kong Limited are traded in units of 5,000 shares. The board of directors recommends that, after the stock consolidation takes effect, the trading unit on the Stock Exchange of Hong Kong Limited should be changed from 5,000 existing shares to 10,000 consolidated shares per unit.