FOREST CABIN (02657.HK) Unveils H-Share Full Circulation Plan Involving 33.57 Million Domestic Shares, Equal to 23.68% of Capital

Bulletin Express03-16

Shanghai Forest Cabin Cosmetics Group Co., Ltd. (FOREST CABIN, 02657.HK) announced that its board has approved a proposed H-share full-circulation programme.

Key points

• Share conversion scope: 33.57 million domestic unlisted shares will be converted into H shares, representing approximately 23.68% of the company’s total issued share capital.

• Regulatory pathway: The plan requires (1) filing with the China Securities Regulatory Commission (CSRC) and (2) approval from Hong Kong Exchanges and Clearing Limited/The Stock Exchange of Hong Kong Limited (HKEX).

• Listing application: Upon receipt of all regulatory approvals, the company will apply for the listing and trading of the converted H shares on HKEX’s Main Board.

• Corporate governance: Under the company’s articles of association and relevant PRC regulations, a shareholders’ meeting is not required for this conversion.

• Status update: As of the announcement date (16 March 2026), FOREST CABIN has not yet submitted application materials to the CSRC or HKEX. Further announcements will be issued as progress is made.

Risk reminder: The conversion and listing remain contingent on approvals from the CSRC, HKEX, and other regulators. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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