Lingbao Gold proposes H share full circulation for unlisted domestic shares

Lingbao Gold Group Company Ltd. announced its proposed implementation of H share full circulation for 18,359,751 unlisted domestic shares. These shares, held by certain shareholders, represent approximately 1.43% of the company's total share capital as of the announcement date. The board considered and approved this initiative, and a filing was submitted to the China Securities Regulatory Commission (CSRC) on December 2, 2025.

The full circulation initiative follows the CSRC's guidelines on application for "full circulation" of domestic unlisted shares of H-share companies. However, the company notes that the implementation plan, including the conversion of these domestic shares into H shares and their listing on the stock exchange, has not yet been finalized.

The H share full circulation and subsequent conversion and listing are subject to obtaining all relevant approvals from regulatory authorities, including the CSRC and the stock exchange. Shareholders and potential investors are advised to exercise caution when dealing in the company's securities as these processes are still pending.