SKYCHEM TECHNOLOGY (688603.SH): Plans H-Share Issue and Listing on HKEX

NewTimeSpace News: On 16 September 2026, Shanghai Skychem Technology Co., Ltd. announced that it is planning to issue overseas-listed shares (H shares) and to list them on The Stock Exchange of Hong Kong Limited (HKEX).

The announcement stated that the planned H-share issue and listing are intended to support the Company's globalisation strategy, build an international capital market platform, broaden diversified financing channels through the international capital market, and further strengthen its overall competitiveness and international profile. As of the date of the announcement, the Company is still discussing the detailed execution of the proposed H-share issue and listing with relevant intermediaries and the relevant details have not yet been determined. The proposed H-share issue and listing will not result in any change to the Company's actual controller.

In accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Rules Governing the Listing of Stocks on the Science and Technology Innovation Board of the Shanghai Stock Exchange, the Trial Administrative Measures for Overseas Securities Offering and Listing by Domestic Companies and the Rules Governing the Listing of Securities on HKEX, the proposed H-share issue and listing will, after the specific plan is determined, still be subject to the approval of the Company's board of directors and shareholders' meeting and to filing with, or review and approval by, the China Securities Regulatory Commission, HKEX and the Securities and Futures Commission of Hong Kong. The Company noted that whether the proposed H-share issue and listing will pass such review, filing and approval procedures and ultimately be implemented remains subject to significant uncertainty, and that it will perform its information disclosure obligations in a timely manner based on subsequent progress, reminding investors to follow future announcements and be mindful of investment risks.

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