TA YANG GROUP (01991) intends to carry out a share consolidation.

TA YANG GROUP (01991) announces that the Board of Directors proposes to consolidate existing issued and unissued shares at a ratio of 10 shares of HK$0.1 each to 1 share of HK$1.0 each. The share consolidation will be implemented upon approval by shareholders at a Special General Meeting. Following the share consolidation, assuming no change in the Company's legal share capital from the date of this announcement to the effective date, the Company's legal share capital will be HK$2 billion, divided into 2 billion shares of HK$1.0 each. The Board of Directors recommends the implementation of changes to the trading unit immediately after the share consolidation takes effect. As of the date of this announcement, the existing shares are currently traded on the Stock Exchange of Hong Kong in a trading unit of 2000 shares. The Board of Directors proposes to change the trading unit for existing shares to 10000 shares of consolidated shares after the share consolidation becomes effective. Based on the closing price of the existing shares on the date of this announcement of HK$0.07 per share (equivalent to a theoretical closing price of HK$0.7 per share after the consolidation), (i) the value of the trading unit of 2000 shares of existing shares is HK$140; and (ii) assuming the share consolidation takes effect, the value of the trading unit of 10000 shares of consolidated shares will be HK$7000.