Shanghai Refire wins HKEX approval for 26.61 million H-share full circulation conversion

• Shanghai Refire Group received Hong Kong listing approval on May 11, 2026 for 26,610,565 H shares to be listed and traded following conversion of domestic shares held by 15 shareholders.
• Conversion represents about 28.54% of issued share capital, based on 93,233,641 shares outstanding including treasury shares.
• H shares would rise to 88,760,100 from 62,149,535, lifting H-share proportion to 95.2% from 66.66% once conversion completes.
• Domestic shares would fall to 4,473,541 from 31,084,106, cutting their proportion to 4.8% from 33.34%.
• Company flagged further updates on timing as it completes conversion and trading arrangements for converted H shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Shanghai Refire Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260511-12155544), on May 11, 2026, and is solely responsible for the information contained therein.