JUJIANG CONS (01459.HK): Applies for Full Circulation of 400m Shares

NewTimeSpace News: On 9 October 2026, Jujiang Construction Group Co., Ltd. (stock code: 01459) submitted an application to the China Securities Regulatory Commission to convert 400,000,000 Domestic Shares into H Shares, implementing the H Share Full Circulation. Subject to completion of all necessary filings and receipt of all necessary approvals from the relevant regulatory authorities, including but not limited to the CSRC and the Hong Kong Stock Exchange, the Domestic Shares will be converted into H Shares and become eligible to be listed and traded on the Main Board of the Hong Kong Stock Exchange. Under the Company's articles of association and applicable PRC laws, no general meeting is required to approve the H Share Full Circulation and the Conversion and Listing.

As at the date of the announcement, the Company's total share capital was 533,360,000 shares, comprising 133,360,000 H Shares (approximately 25.00% of the total share capital) and 400,000,000 Domestic Shares (approximately 75.00%). The 400,000,000 Domestic Shares intended for the application represent approximately 100.00% of the total Domestic Shares and approximately 75.00% of the total share capital. Upon completion, the total number of H Shares will change to 533,360,000, or approximately 100.00% of the total share capital, and none of the Domestic Shares will remain in issue.

The Domestic Shareholders participating in the application are Zhejiang Jujiang Holdings Group Co., Ltd. with 204,000,000 shares (38.25%) and Zhejiang Jujiang Equity Investment Management Co., Ltd. with 196,000,000 shares (36.75%). The Company said the filing with the CSRC has not been completed as at the date of the announcement, the implementation plan of the H Share Full Circulation and the Conversion and Listing has not been finalised, and the final number of shares to be converted is subject to the number filed with the CSRC.