China Brilliant Global Limited (CB GLOBAL) has announced a proposed 10-for-1 share consolidation, subject to shareholder approval at an Extraordinary General Meeting (EGM) scheduled for 29 September 2026.
Key Transaction Details • Consolidation Ratio: Every ten existing ordinary shares of HK$0.10 par value will be consolidated into one new ordinary share of HK$1.00. • Capital Structure: – Issued shares will contract from approximately 1.54 billion to 153.99 million. – Authorised capital remains unchanged at HK$250 million, now represented by 250.00 million consolidated shares. • Fractional Entitlements: Eight pre-consolidation shares will form fractional interests; these fractions will be aggregated and sold for the company’s benefit.
Trading Arrangements • Board lot size stays at 1,000 shares. Based on the last traded price of HK$0.325, the theoretical board-lot value will rise from HK$325 to HK$3,250 after consolidation. • A designated broker, Orient Securities, will offer best-effort matching services for odd-lot holders between 16 October and 6 November 2026.
Share Option Adjustments Outstanding options granted under the 2011 scheme will be adjusted on a 10-for-1 basis: • 71.76 million options at HK$0.59 each become 7.18 million options exercisable at HK$5.90. • 35.10 million options at HK$0.33 each become 3.51 million options exercisable at HK$3.30.
Rationale The board believes CB GLOBAL’s substantial share count and low absolute price have contributed to heightened price volatility and limited institutional participation. The consolidation is intended to: 1. Increase the per-share trading price. 2. Lower relative transaction costs per board lot. 3. Align the share price with investment mandates of a wider investor base.
Conditions & Timetable • Shareholder vote: 29 September 2026 (EGM). • Expected effective date: 2 October 2026. • Parallel trading of old and new certificates: 16 October – 6 November 2026. • Final date for free exchange of certificates: 10 November 2026.
Additional Information • No shareholders are required to abstain from voting on the consolidation resolution. • The company states it has no concrete fund-raising plans or corporate actions that would negate the purpose of the consolidation within the next 12 months. • Listing approval for the consolidated shares is being sought from the GEM Listing Committee of the Hong Kong Stock Exchange.
Shareholders and potential investors are advised to exercise caution when dealing in CB GLOBAL shares until the consolidation becomes effective.