Shanghai REFIRE Group (2570) Announces CSRC Approval for Domestic Share Issuance

Bulletin Express11-18

Shanghai REFIRE Group Limited has received the Approval For Registration from the China Securities Regulatory Commission (CSRC) dated November 17, 2025, officially permitting the issuance of Domestic Shares under the Specific Mandate. This follows the announcement and circular dated June 8, 2025, and the poll results disclosed on June 26, 2025, at the Company’s second extraordinary general meeting.

According to the Approval, the Company’s application to register these Domestic Shares has been granted, and the issuance must be carried out strictly in accordance with the documents submitted to the CSRC. The validity period for the Approval is 12 months, during which any significant developments must be promptly reported to the CSRC.

Shanghai REFIRE Group Limited will move forward with the subscriptions in compliance with the EGM endorsement, maintaining adherence to all relevant regulations and its approved Specific Mandate. Further announcements will be issued as necessary under applicable rules.

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