Urban Cool Selection (08050) plans to conduct a stock merger based on a "5 to 1" benchmark.

CityCool (08050) has announced that the board of directors has proposed a share consolidation. As a result, every 5 existing and unissued shares with a par value of HK$0.1 each will be consolidated into 1 share with a par value of HK$0.5 each. As of the date of this announcement, the existing shares have a trading unit of 2,000 shares on the Stock Exchange of Hong Kong. The company does not propose to change its existing trading unit. As of the date of this announcement, the company's authorized share capital is HK$200 million, divided into 2 billion existing shares with a par value of HK$0.1 each, and 1.356 billion existing shares have been issued and subscribed as fully paid or credited as fully paid. The share consolidation must be approved by shareholders at a special general meeting by way of an ordinary resolution before it can be implemented.