CALB (03931.HK): Exchange Approves Listing of 207.1m Converted H Shares, Raising H Share Ratio to 54.65%

NewTimeSpace News: CALB Group Co., Ltd. (stock code: 03931) announced on 14 October 2026 that the Company had received the Stock Exchange's approval, dated 14 October 2026, for the listing and trading of 207,102,914 H Shares, being the total number of domestic shares to be converted and listed.

The announcement stated that the conversion and listing will involve 26 participating shareholders holding an aggregate of 207,102,914 domestic shares, representing approximately 11.69% of the total issued shares of the Company as at the date of the announcement. Among them, China Bao Tou (Shenzhen) Advanced Manufacturing Investment Partnership (Limited Partnership) holds 51,991,154 shares (approximately 2.93% of total issued shares), the National Manufacturing Industry Transformation and Upgrade Fund Co., Ltd. holds 23,976,000 shares (approximately 1.35%), China Bao Tou No.1 (Shenzhen) New Energy Vehicle Industry Investment Partnership (Limited Partnership) holds 19,004,260 shares (approximately 1.07%), and HongShan Kaichen (Xiamen) Equity Investment Partnership (Limited Partnership) holds 18,260,812 shares (approximately 1.03%).

Based on 1,772,301,858 total issued shares, upon completion of the conversion and listing, domestic shares will decrease from 1,010,802,463 shares (57.03%) to 803,699,549 shares (approximately 45.35%), while H shares will increase from 761,499,395 shares (42.97%) to 968,602,309 shares (approximately 54.65%), with total issued shares unchanged. The Company stated it will complete the relevant conversion and trading procedures for the converted H Shares in accordance with the Listing Rules and applicable laws, and will publish further announcements on the progress of the conversion and listing as and when appropriate.