WELIFE TECH(01703): Proposal to merge the shares.

WELIFE TECH (01703) has announced that the board of directors has proposed a share consolidation, with the ratio being 10 existing shares with a par value of HK$0.01 each to be consolidated into 1 share with a par value of HK$0.10 each. As of the date of this announcement, the company's authorized share capital is HK$50 million, divided into 5 billion shares with a par value of HK$0.01 each. Of these, 1.15 billion shares have been issued and fully paid up, with no treasury shares held by the company. Assuming no further issuance, repurchase, or cancellation of existing shares from the date of this announcement until the effective date of the share consolidation, the authorized share capital of the company will include HK$50 million, divided into 500 million shares with a par value of HK$0.10 each, of which 115 million shares will be issued and fully paid up. As of the date of this announcement, the existing shares are traded on the Stock Exchange of Hong Kong in units of 5000 shares. After the share consolidation takes effect, the trading units on the Stock Exchange of Hong Kong will remain unchanged at 5000 shares of consolidated shares per unit.