Contel Technology Company Limited (Stock Code: 1912) has proposed a consolidation of every 10 issued and unissued shares with a par value of HK$0.01 into one consolidated share of HK$0.10, subject to shareholder approval. An extraordinary general meeting (EGM) to vote on this plan will be held on 19 November 2025 at the company’s Hong Kong office.

According to the announcement, the company’s register of members will be closed from 14 to 19 November 2025 for the purpose of determining shareholders’ entitlement to attend and vote at the EGM. Subject to approval, the share consolidation is expected to take effect on 21 November 2025. The existing board lot size of 5,000 shares will remain unchanged. Fractional entitlements to consolidated shares will be disregarded and may be sold for the benefit of the company. From 21 November 2025 until 31 December 2025, existing share certificates can be exchanged for new ones in the designated color at no cost.

The board states that the share consolidation is intended to ensure compliance with listing rules on minimum share price levels and is not expected to materially affect the company’s financial position. The final day for lodging proxy forms for the EGM is 17 November 2025, and if approved, trading in the consolidated shares is scheduled to commence on 21 November 2025. Shareholders are advised to refer to the company’s full announcement for further information on the timetable and procedures.