CHINA 33MEDIA (08087) suggests splitting its shares

China 33MEDIA (08087) announced that the board of directors has recommended splitting the existing issued and unissued shares with a par value of 0.004 US dollars per share into 5 shares with a par value of 0.0008 US dollars per share. After the share split takes effect, the company's registered capital will be 40 million US dollars, divided into 5 billion shares of split shares. Of these, 648 million shares of split shares will be issued and fully paid or recorded as fully paid (assuming no further issuance or repurchase of shares after the announcement date and before the share split takes effect). The board further recommends that after the share split takes effect, the trading unit for split shares on the Hong Kong Stock Exchange will be changed to 2,000 shares per unit.