According to the Zhixun Finance APP, Grand Ocean AR (00065) released an announcement, where the board of directors proposed a stock consolidation, with a base of 10 shares of the company's share capital each with a face value of 0.01 Hong Kong dollars for the existing and unissued shares to be consolidated into 1 share with a face value of 0.1 Hong Kong dollars per share.

As of the date of this announcement, the company's statutory share capital is 1 billion Hong Kong dollars, divided into 100 billion shares with a face value of 0.01 Hong Kong dollars per share, of which 2.046 billion shares of existing shares have been allocated and issued, and are included as fully paid or credited as fully paid. After the stock consolidation takes effect, based on the company not allocating, issuing, or repurchasing any existing shares before the completion of the stock consolidation, the company's statutory share capital will be 1 billion Hong Kong dollars, divided into 10 billion ordinary shares with a face value of 0.1 Hong Kong dollars per share, of which 0.205 billion shares of consolidated shares will be issued and fully paid or credited as fully paid.