City Coolxuan Company Limited (Stock Code: 8050) has released an announcement regarding a proposed share consolidation on the basis of every five existing shares of HK$0.1 each being consolidated into one consolidated share of HK$0.5 each. The total authorised share capital of HK$200 million will remain unchanged, but consist of 400 million consolidated shares of par value HK$0.5 each upon completion.

The announcement specifies that if approved, 1,356,250,000 existing shares will become 271,250,000 consolidated shares. The proposed effective date for the share consolidation is December 8, 2025, subject to shareholder approval, fulfillment of legal requirements under Cayman Islands law, and listing approval from the GEM Listing Committee of The Stock Exchange of Hong Kong Limited.

An Extraordinary General Meeting (EGM) is scheduled for December 4, 2025, at 2:00 p.m., to seek shareholder approval of the share consolidation. Only those registered as shareholders by November 28, 2025, at 4:30 p.m. may attend and vote at the meeting. Shareholders will be able to exchange their existing share certificates for new ones between December 8, 2025, and January 16, 2026, free of charge at the designated Hong Kong branch share registrar.

The board lot size will remain at 2,000 shares, although the market lot value will change due to the consolidation. Fractional shares, where applicable, will be disregarded and aggregated for potential sale. The announcement reiterates that this proposed share consolidation is intended to ensure compliance with regulatory requirements related to share price levels and board lot value.