Auntie in Shanghai plans to implement an H-share fully circulation plan.

On July 4, the tea drink brand Shanghai Auntie announced that, in accordance with regulations, guidelines, and considering the intention of the shareholders to participate in the full circulation of H shares, on July 4, 2025, the board of directors has considered and approved a proposal to convert a certain number of shares held by shareholders of the company, not exceeding 35,255,992 shares of domestically unlisted stock, into H shares of the company, representing approximately 33.51% of the total issued share capital of the company as of the date of this announcement. The final number of domestically unlisted shares converted into H shares will be subject to approval by the China Securities Regulatory Commission and the Hong Kong Stock Exchange.