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08087

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CHINA 33MEDIA recommends a stock split

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The board of directors of CHINA 33MEDIA recommends splitting each share with a par value of USD 0.004 into 5 shares with a par value of USD 0.0008 each. After the split, the company's registered capital will be USD 40 million, divided into 50 billion shares, of which 648 million shares are issued. After the split takes effect, the trading unit will change to 2,000 shares

According to the news from Zhitong Finance APP, China 33 Media (08087) announced that the board of directors proposed to split the existing issued and unissued shares with a par value of USD 0.004 per share into 5 shares with a par value of USD 0.0008 per share after the split. After the share split takes effect, the company's authorized share capital will be USD 40 million, divided into 5 billion split shares, of which 648 million split shares will be issued and fully paid or recorded as fully paid (assuming no further issuance or repurchase of shares occurs after the date of this announcement and before the share split takes effect).

The board further proposed that after the share split takes effect, the trading board lot for the split shares on the Stock Exchange will be changed to 2,000 split shares per board lot

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