Sino-life Group (08296) announced that the board of directors intends to submit a proposal to the shareholders to make the share consolidation effective, which involves the consolidation of every 10 shares with a par value of HKD 0.1 each, both issued and unissued, into 1 share with a par value of HKD 1.0 each.
As of the date of this announcement, the company's authorized share capital is HKD 1 billion divided into 10 billion existing shares with a par value of HKD 0.1 each, of which 0.945 billion existing shares have been issued and fully paid or credited as being paid. Assuming no further issuance or repurchase of shares between the date of this announcement and the extraordinary general meeting of shareholders, the company's authorized share capital will be HKD 1 billion, divided into 1 billion consolidated shares with a par value of HKD 1.0 each, of which 94.5 million consolidated shares (fully paid or credited as being paid) will be issued.