ZHONGSHI MINAN (08283) intends to carry out a "50-to-1" stock consolidation and change the trading unit per lot.

ZHONGSHI MINAN (08283) announced that the board of directors proposes to consolidate the existing issued and unissued shares of the Company on the basis of 1 consolidated share for every 50 existing shares. As of the date of this announcement, the existing shares are traded on the Stock Exchange in units of 5000 existing shares per board lot. The board of directors proposes that after the share consolidation takes effect, the trading units on the Stock Exchange will be changed from 5000 existing shares to 1000 consolidated shares per board lot.