PAGODA GP (02411) applied for advice on the implementation of full H-share circulation and received a filing notice from the China Securities Regulatory Commission.

PAGODA GP (02411) announced that on October 20, 2025, the company received the official record notice from the China Securities Regulatory Commission regarding its application for the full circulation of H shares. As a result, the company has completed the conversion of a total of 85.4486 million non-listed shares held by three shareholders into 85.4486 million H shares at a one-to-one ratio, as approved by the China Securities Regulatory Commission. These 85.4486 million H shares will be listed and traded on the Main Board of the Hong Kong Stock Exchange after the completion of the conversion and obtaining the listing approval from the Hong Kong Stock Exchange. The notice is valid for 12 months from the date of approval by the China Securities Regulatory Commission (October 17, 2025).