GEM Co., Ltd. (002340.SZ) authorizes the company management to initiate preparations for the H-share listing.

GEM Co., Ltd. (002340.SZ) announcement: The company plans to issue shares (H shares) overseas and list on the Hong Kong Stock Exchange in China. The board of directors has authorized the company management to initiate the preparatory work for this H-share listing. The company plans to discuss with relevant intermediaries on the specific progress of this H-share listing, and details of the H-share listing are yet to be confirmed.