Proya H-Share Listing: Ernst & Young Appointed for Audit

Proya Cosmetics Co., Ltd. has announced plans to issue H-shares and apply for listing on the Main Board of the Hong Kong Stock Exchange to advance its international strategy and overseas business. The company's board of directors, at its eighth meeting on October 10, 2025, approved the H-share offering and listing plan, which includes issuing H-shares with a face value of RMB 1.00 per share, to be subscribed in foreign currency. The proposed offering size will not exceed 15% of the company’s total share capital after the issuance, with an over-allotment option of up to 15%.

The board also approved the appointment of Ernst & Young Hong Kong as the auditor for the H-share offering and listing. This decision was based on Ernst & Young Hong Kong’s extensive experience, independence, and professional capabilities, ensuring compliance with regulatory requirements.

In preparation for the listing, Proya Cosmetics will amend its articles of association and internal governance documents to align with Hong Kong listing rules. The board has also authorized its chairman and general manager to handle all related matters.