ABLE DIGITAL (02687.HK): Proposes H-share full circulation; 4,713,900 domestic unlisted shares to be converted into H shares

NewTimeSpace News: On 27 August 2026, Shanghai Able Digital Science & Tech Co., Ltd. (stock code: 02687) announced, pursuant to Rule 13.09(2) of the Listing Rules and the inside information provisions, that the Board has considered and approved the proposed implementation of converting 4,713,900 domestic unlisted shares held by shareholders into H shares of the Company (H-share full circulation), representing approximately 7.0708% of the total issued share capital as of the date of the announcement.

According to the announcement, the H-share full circulation is implemented pursuant to the CSRC Guidelines on the "Full Circulation" of Unlisted Domestic Shares of H-Share Companies, and the Board has considered the intentions of shareholders to participate. The number of domestic unlisted shares proposed to be circulated remains subject to CSRC filing and HKEX approval, and will be adjusted accordingly if the Company distributes bonus shares or capitalizes capital reserves to existing shareholders before the completion of the H-share full circulation.

Under the Company's articles of association, no general meeting is required to approve the H-share full circulation and the conversion and listing. Upon obtaining all relevant approvals and complying with all applicable laws and regulations, the domestic unlisted shares will be converted into H shares of the Company, and the Company will apply to HKEX for the listing and trading of such H shares on the Main Board. As of the date of the announcement, the Company has not yet submitted the filing application to the CSRC, and will make further announcements in due course; securities holders and prospective investors should exercise caution when dealing in the Company's securities.

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