REFIRE completes full-circulation programme; converts 26.61 million domestic shares into H shares, lifting H-share ratio to 95.20%

Bulletin Express06-15

Shanghai REFIRE Group Limited announced the completion of its H-share full-circulation plan on 15 June 2026. A total of 26.61 million domestic shares have been converted into H shares, and trading in the newly issued H shares will commence on the Hong Kong Stock Exchange at 09:00 on 16 June 2026.

Following the conversion, the company’s share capital remains unchanged at 93.23 million shares. However, the proportion of H shares increases sharply from 66.66% to 95.20%, or 88.76 million shares. Domestic shares fall correspondingly to 4.47 million, representing 4.80% of the total.

The conversion finalises a multi-step regulatory process: • 10 Dec 2025 – CSRC filing submitted. • 24 Apr 2026 – CSRC issues filing notice. • 11 May 2026 – HKEX grants listing approval. • 15 Jun 2026 – conversion completed.

The board advises shareholders and investors to exercise caution when dealing in the company’s securities.

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