Nanjing Leads Biolabs Co., Ltd. (Leads Biolabs) announced that The Stock Exchange of Hong Kong Limited approved on 14 May 2026 the listing of 44.39 million newly-converted H shares, marking the formal launch of the company’s H-share full-circulation programme.
Upon completion of the conversion and listing:
• Total H shares will rise from 153.28 million to 197.67 million, lifting the proportion of H shares in issue from 77.07% to 99.39% of the company’s 198.89 million total shares. • Unlisted domestic shares will fall from 45.61 million to 1.22 million, reducing their stake from 22.93% to 0.61%.
Participation details
• 23 shareholders are converting a combined 44.39 million unlisted shares, equal to 22.32% of the company’s enlarged H-share capital. • The three largest converting holders are: – Loyal Valley Capital Advantage Fund III LP: 9.99 million shares (5.02% of total equity). – Nanjing Lizhi Management & Consulting Center (L.P.): 6.42 million shares (3.23%). – Dr. Kang Xiaoqiang, Chairman and CEO: 3.94 million shares (1.98%).
Next steps
Leads Biolabs will complete the requisite conversion and trading procedures and will issue further announcements in line with Hong Kong’s Listing Rules and Inside Information provisions. Shareholders and potential investors are urged to exercise caution when dealing in the company’s securities.
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