Hongyi Cultural Group (00419) plans to implement a stock merger.

The Zhitong Finance and Economics App announces that Hongyi Cultural Group (00419) has announced that the board of directors recommends consolidating the company's share capital by combining every 10 issued and unissued existing shares with a face value of HK$0.02 per share into 1 share with a face value of HK$0.20 per share.