On December 13, Gelonghui reported that RICHLY FIELD (00313.HK) announced that the Board of Directors proposed to implement a share consolidation on the basis of merging every twenty (20) existing issued and unissued shares into one (1) consolidated share, and to adjust the number of consolidated shares in the Company's issued share capital down to the nearest whole number by eliminating any fractional consolidated shares that may arise from the share consolidation.

Currently, existing shares are traded in board lots of 50,000 shares at the Hong Kong Stock Exchange. After the share consolidation takes effect, the Board of Directors proposes to change the board lot size from 50,000 existing shares to 25,000 consolidated shares.