GLOBAL BIO-CHEM(00809) intends to carry out a stock consolidation plan entitled "10-to-1" and change the minimum trading unit per lot.

GLOBAL BIO-CHEM (00809) announced that the board of directors has proposed a stock consolidation, with the following terms: (i) every 10 existing shares, with a par value of HK$0.10 per share, will be consolidated into 1 share with a par value of HK$1.00; (ii) every 10 existing convertible preferred shares, with a par value of HK$0.10 per share, will be consolidated into 1 convertible preferred share with a par value of HK$1.00. As of the date of this announcement, the existing shares are traded on the Stock Exchange of Hong Kong in units of 2000 shares. Subject to and upon the effectiveness of the stock consolidation, it is proposed to change the trading unit on the Stock Exchange of Hong Kong from 2000 shares of existing shares to 10,000 shares of consolidated shares.