CH FRONTIER TEC (01661) plans to conduct a share consolidation, increase its authorized share capital, and change the minimum trading unit to "10 shares in 1".

CH FRONTIER TEC (01661) announced that the Board of Directors has recommended a consolidation of every 10 existing shares into 1 consolidated share, for both issued and unissued share capital. After the share consolidation, the company's authorized share capital will be $1 million (consisting of 400 million shares with a face value of $0.0025 per consolidated share). In order to allow the company to raise funds more flexibly in the future, the Board has proposed to increase the authorized share capital to $5 million by adding 1.6 billion consolidated shares, with each share having a face value of $0.0025. As of the date of this announcement, existing shares are traded on the Stock Exchange in units of 1000 shares per lot. However, it is proposed that after the share consolidation takes effect, the trading units on the Stock Exchange will be changed from 1000 existing shares to 6000 consolidated shares per lot.