Further revised expected timetable in relation to (1) proposed share consolidation; and (2) proposed capital Reduction of issued consolidated shares and sub-division of unissued consolidated shares

This announcement is for information purpose only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Shares or other securities of the Company. GLORY FLAME HOLDINGS LIMITED 朝威控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock code: 8059) FURTHER REVISED EXPECTED TIMETABLE IN RELATION TO (1) PROPOSED SHARE CONSOLIDATION; AND (2) PROPOSED