Gelonghui, May 2, 丨 Baiguoyuan Group (02411.HK) announced that on April 30, 2024, the company submitted an application to the China Securities Regulatory Commission for the proposed full circulation of H shares to convert a total of 320,478,841 unlisted shares (about 20.1744% of the company's total issued share capital as of the date of the full circulation of H shares) to H shares on a one-to-one basis.
After completing all filing requirements (including filing with the China Securities Regulatory Commission) and obtaining all relevant approvals (including approval from the Stock Exchange) and complying with all applicable laws, regulations and rules, these unlisted shares will be converted to H shares and will be listed and traded on the Stock Exchange. The company will apply to the Stock Exchange for approval to list and trade these H shares on the main board of the Stock Exchange.