PLATT NERA (01949) is planning to conduct a share merger.

PLATT NERA (01949) announces that the board of directors proposes to consolidate every 5 existing shares of the company's issued and unissued share capital into 1 consolidated share. As of the date of this announcement, the company's authorized share capital is 100 million Hong Kong dollars, divided into 10 billion shares of existing shares with a nominal value of 0.01 Hong Kong dollars per share, of which 960 million shares of issued shares have been fully paid up or credited as fully paid. Assuming that from the date of this announcement until the completion of the share consolidation, the company will not further issue, distribute or repurchase shares, upon the effectiveness of the share consolidation, the company will have 192 million shares of issued consolidated shares credited as fully paid. The company's authorized share capital will remain at 100 million Hong Kong dollars, but will be divided into 2 billion shares of consolidated shares with a nominal value of 0.05 Hong Kong dollars per share. As of the date of this announcement, existing shares are traded in units of 2000 shares of existing shares on the Stock Exchange. It is proposed to change the trading unit on the Stock Exchange from 2000 shares of existing shares to 4000 shares of consolidated shares, but this change will only be implemented once the share consolidation becomes effective and conditions are met.