VOYAH Auto Board Approves Plan to Convert 1.51 Billion Domestic Shares for Full H-Share Circulation

Bulletin Express04-14 23:04

VOYAH Automotive Technology Co., Ltd. (VOYAH Auto) announced that its board of directors approved a proposal on 14 April 2026 to implement “full circulation” of its shares in Hong Kong. The plan involves converting 1.51 billion domestic shares—currently held by major shareholders including Dongfeng Motor Corporation and Wuhan Woya Enterprise Management Consulting Enterprise L.P.—into H shares eligible for listing and trading on the Hong Kong Stock Exchange’s Main Board.

The company stated that, under relevant PRC regulations, no shareholder meeting is required to approve the conversion. However, the process remains subject to filings and approvals from the China Securities Regulatory Commission, the Hong Kong Stock Exchange, and other regulators. VOYAH Auto has not yet submitted its application to the CSRC; detailed implementation arrangements will be disclosed in subsequent filings.

Lock-up provisions accompany the conversion: • Dongfeng Motor Corporation and Wuhan Woya will be restricted from transferring or entrusting these shares, or having them repurchased, for 36 months after the H-share listing. • Other participating shareholders will face a 12-month lock-up under the same conditions.

The company cautioned investors that the full-circulation initiative is contingent on satisfying all regulatory procedures and approvals.

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