XINTE ENERGY(01799.HK): Proposed Implementation of H Share Full Circulation Involving Approximately 1.054 Billion Domestic Unlisted Shares
NewTimeSpace News: Xinte Energy Co., Ltd. (01799.HK) announced that the Board of Directors has reviewed and approved the proposed implementation of H Share Full Circulation, which involves converting 1,053,829,244 domestic unlisted shares held by all domestic shareholders into H Shares, accounting for approximately 73.69% of the total issued share capital. The H Share Full Circulation shall only take effect upon filing with the China Securities Regulatory Commission (CSRC) and obtaining approval from The Stock Exchange of Hong Kong Limited (HKEX).
NewTimeSpace News: Xinte Energy Co., Ltd. (01799.HK) released an inside information announcement on 30 June 2026. In accordance with the Guidelines for the “Full Circulation” Application of Domestic Unlisted Shares of H-share Listed Companies, the Board of Directors has reviewed and approved the proposal to convert all 1,053,829,244 domestic unlisted shares held by the Company’s domestic shareholders into H Shares, representing approximately 73.69% of the Company’s total issued share capital as at the date of this announcement.
Pursuant to the Articles of Association and applicable PRC laws, no shareholders’ meeting is required to approve the H Share Full Circulation. After obtaining all relevant approvals (including filing with the CSRC and approval from HKEX) and complying with all applicable laws, regulations and rules, such domestic unlisted shares will be converted into H Shares, and an application will be submitted for the listing and trading of such H Shares on the Main Board of HKEX.
As at the date of this announcement, the Company has not yet submitted the application and filing documents for the H Share Full Circulation to the CSRC, nor has it filed an application with HKEX in respect of the conversion and listing.
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