SF INTRA-CITY (09699) plans to implement full circulation of H shares.

SF INTRA-CITY (09699) announced that the board of directors has reviewed and approved a proposal to convert 172 million shares of non-listed domestic shares held by one of the company's controlling shareholders, Shenzhen SF Tyson Holdings (Group) Co., Ltd. (SF Tyson), to the company's H shares to implement full circulation of H shares. These shares account for approximately 18.72% of the company's issued share capital as of the date of the announcement. The full circulation of H shares will help further increase the company's market capitalization. The company's controlling shareholders, SF Tyson and S.F. Holding Co., Ltd., are optimistic about the company's long-term development and currently have no plans to reduce their holdings of company shares. The company has submitted an application to the China Securities Regulatory Commission for the full circulation of H shares. Upon obtaining all relevant approvals and/or filings (including the CSRC's filing and approval from the Hong Kong Stock Exchange), and subject to compliance with all applicable laws, regulations, and rules, the relevant non-listed shares will be converted to H shares. The company will then apply for the listing and trading of these H shares on the main board of the Hong Kong Stock Exchange.