Xinhua News Media shareholders vote on 40-to-1 share consolidation at June 22 EGM

PUBT·05/17/2026 10:33:05

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Shareholders will vote on a 40-for-1 share consolidation, converting every 40 shares with a HK$0.01 par value into 1 consolidated share with a HK$0.4 par value.
The resolution will be put to an extraordinary general meeting scheduled for June 22, 2026.
Board backing for the plan is signaled by directors’ stated view that the consolidation would not materially harm the group’s financial position and would support a higher trading price and a larger post-consolidation board lot value.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xinhua News Media Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260517-12161526), on May 17, 2026, and is solely responsible for the information contained therein.

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