Shanghai Forest Cabin Cosmetics Group Announces Proposed H Share Full Circulation

Shanghai, China, March 16, 2026 – Shanghai Forest Cabin Cosmetics Group Co., Ltd. (Stock Code: 2657) has issued an important announcement regarding the proposed implementation of “H Share Full Circulation.” This move, if completed, is anticipated to have a significant impact on the liquidity and tradability of the Company’s shares on the Hong Kong Stock Exchange.

Key Points of the Announcement

• Proposed H Share Full Circulation: The Board of Directors has approved a plan to convert 33,570,658 domestic unlisted shares, representing approximately 23.68% of the total issued share capital of the Company, into H shares. These shares are currently held by certain shareholders and are not yet listed on the Hong Kong Stock Exchange.
• Regulatory Process: The conversion is subject to approvals and filings with both the China Securities Regulatory Commission (CSRC) and the Hong Kong Stock Exchange (HKEX). The Company has not yet submitted the relevant application or filing documents for this process.
• No Shareholders’ Meeting Required: According to the Company’s articles of association and PRC laws, the implementation of the H Share Full Circulation and subsequent listing of converted shares does not require convening a shareholders’ meeting.
• Subsequent Steps: Once approvals are obtained, the Company will apply to the HKEX for listing and permission to deal in the converted shares on the Main Board. The Company will provide further updates as the process develops.

Important Information for Shareholders and Investors

• Potential Impact on Share Price: The proposed conversion will significantly increase the number of H shares available for trading, enhancing share liquidity on the Hong Kong market. This could have a material impact on the share price, both in terms of liquidity and possible supply-demand dynamics.
• Price Sensitivity: The announcement is considered inside information and may be price-sensitive. Investors should closely monitor further announcements regarding regulatory approvals and the effective date of the conversion and listing.
• Regulatory Uncertainty: The process is subject to review and approval by both Chinese and Hong Kong regulators. There can be no assurance that all necessary approvals will be obtained or that the process will be completed as planned.
• Risk Advisory: Shareholders and potential investors are advised to exercise caution when dealing in the Company’s securities, as the completion and timing of the conversion and listing remain uncertain.

Board Composition

As of the date of the announcement, the Board comprises:

• Mr. Sun Laichun (Chairman, Executive Director, and President)
• Mr. Gao Hongqi (Executive Director)
• Ms. Jing Aimei (Non-executive Director)
• Mr. Zhu Qian, Mr. Liu Yuliang, and Ms. Qiang Yilan (Independent Non-executive Directors)

Next Steps and Further Announcements

The Company has committed to issuing further announcements as the regulatory process progresses and as and when required by the Listing Rules and Inside Information Provisions. Investors should stay alert for these updates, as they will provide clarity on the conversion timeline and its implications for the Company’s share structure and market activity.

Disclaimer: This article is a summary and analysis of the official announcement released by Shanghai Forest Cabin Cosmetics Group Co., Ltd. Investors are reminded that the H Share Full Circulation and related listing are subject to regulatory approvals and may not proceed as planned. The information provided herein does not constitute investment advice. Investors are advised to exercise caution and consult their financial advisors before making any investment decisions based on this news.

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