Poly Industries (06049) proposes to implement full circulation of H shares

According to the Zhitong Finance App, Poly Industries (06049) issued an announcement. The board of directors has reviewed and approved the proposal to implement full circulation of H shares, and plans to convert a total of 194 million domestic unlisted shares (domestic shares) into the company's H shares (H shares) (full circulation of H shares). After completing the relevant filing and obtaining all relevant approvals (including the filing of the China Securities Regulatory Commission) and complying with all applicable laws, regulations and regulations, these domestic shares will be converted to H shares, and the company will also apply to the Stock Exchange for approval to list and trade (conversion and listing) of these H shares on the main board of the Stock Exchange. According to the company's articles of association and applicable Chinese laws and regulations, there is no need to obtain approval from the shareholders (shareholders) of the company for the full circulation, conversion and listing of H shares at the shareholders' meeting.