GF Healthcare (08143) plans to conduct a stock merger.

GF HEALTHCARE(08143) announces that the company's board of directors hereby informs the shareholders and potential investors that the company intends to conduct a share consolidation of its existing shares. According to Rule 17.76 of the GEM Listing Rules, if the market price of a listed company's securities is close to HK$0.01 or HK$9995.00, the company may need to change its trading methods or consolidate or split its securities. In addition, The Stock Exchange of Hong Kong Limited issued the "Guidance on Trading Arrangements for Various Categories of Corporate Actions" on November 28, 2008 and updated it in September 2024, further stating that (i) trading below HK$0.10 per share will be considered an extreme case as referred to in Rule 17.76 of the GEM Listing Rules; and (ii) taking into account the minimum transaction cost of securities trading, the expected value of each trading unit should exceed HK$2000. Based on the current trading price of existing shares and the value of each trading unit being below HK$2000, the board of directors plans to implement a share consolidation. It is expected that the share consolidation will result in an appropriate upward adjustment of the company's share price on the Stock Exchange. Therefore, the share consolidation will ensure the company's compliance with the trading requirements under the GEM Listing Rules.