Proya Cosmetics to issue H-shares, update articles of association

Proya Cosmetics Co., Ltd. is set to issue H-shares and list on the Hong Kong Stock Exchange in 2025, according to its draft articles of association. The company's current share capital is RMB15,000万元, divided into 15,000万 shares, which were initially subscribed by 20 natural persons and one partnership by June 30, 2015. Notably, Hou Juncheng holds 48.4270% and Fang Yuyou holds 32.6165% of the shares.

The updated articles of association will govern Proya Cosmetics’ operations following its H-share listing, ensuring compliance with relevant laws and regulations in both mainland China and Hong Kong. Key changes include provisions for H-share registration, transfer, and the establishment of specific governance structures to accommodate dual-listing requirements. The company's registered address will remain at 588 Xixi Road, Xihu District, Hangzhou, Zhejiang Province.