SUNSHINE (00509) proposes merging shares in a "40-to-1" ratio and changing the minimum trading unit.

SUNSHINE (00509) announced that the board of directors has proposed a stock consolidation, consolidating every 40 existing shares with a par value of HK$0.02 each in the company's share capital into 1 share with a par value of HK$0.80 each. As of the date of this announcement, existing shares are traded on the Stock Exchange in lots of 5000 shares. It is proposed that after the stock consolidation takes effect, the trading unit on the Stock Exchange will be changed from 5000 shares of existing shares to 10,000 shares of consolidated shares.