GREENLAND BROAD (01253) announced that the company proposes to implement a share consolidation on the basis of consolidating every 10 existing shares with a par value of HK$0.025 each into 1 consolidated share with a par value of HK$0.25 each, among both issued and unissued existing shares in the company's share capital. The share consolidation is subject to approval by shareholders at an extraordinary general meeting, among other conditions. As of the announcement date, the existing shares are traded on the Stock Exchange in board lots of 4,000 existing shares each. The company proposes that upon the share consolidation taking effect, the board lot size for trading the consolidated shares will be 12,000 consolidated shares each.

The board of directors proposes to change the company's Chinese name from "中国绿地博大绿泽集团有限公司" to "中国绿博生态科技集团有限公司" and the company's English name from "China Greenland Broad Greenstate Group Company Limited" to "China Green Broad Ecological Technology Company Limited" (the proposed company name change). The board believes that the proposed company name change will better reflect the company's business focus on distinctive development and its future strategic direction for independent development, which is in the overall best interests of the company and its shareholders.