BAIWANG CO (06657) plans to implement H-share full circulation.

BAIWANG CO (06657) announced that the company has filed an application with the China Securities Regulatory Commission on March 10, 2025, to convert 135 million shares of domestic unlisted shares (domestic shares) with a par value of RMB 1.00 per share into H shares listed on the main board of the Stock Exchange of Hong Kong Limited with a par value of RMB 1.00 per share. Upon obtaining all relevant approvals (including filings and/or approvals from the China Securities Regulatory Commission and the Stock Exchange of Hong Kong Limited) and compliance with all applicable laws, regulations and rules, the domestic shares will be converted into H shares, and the company will apply for approval from the Stock Exchange of Hong Kong Limited for the listing and trading of such H shares on the main board. According to the company's articles of association, there is no need to convene a shareholders meeting to approve the conversion and listing.