Huitongda Network Co., Ltd. Announces Completion of H Share Full Circulation
Huitongda Network Co., Ltd. Announces Completion of H Share Full Circulation
Key Points from the Announcement
- Completion of H Share Full Circulation: Huitongda Network Co., Ltd. has completed the process of converting a significant portion of its Domestic Shares into H Shares, with the conversion finalized on April 20, 2026. The listing of these converted H Shares on the Hong Kong Stock Exchange will commence at 9:00 a.m. on April 21, 2026.
- Scale of Conversion: An aggregate of 349,749,813 Domestic Shares have been converted to H Shares.
- Updated Shareholding Structure: The conversion has dramatically changed the shareholding structure. Before the conversion, Domestic Shares represented 67.96% of the company’s issued shares, and H Shares represented 32.04%. After the conversion, Domestic Shares will represent only 5.79%, while H Shares will surge to 94.21% of the total issued shares.
- Total Number of Shares: The total number of issued shares remains unchanged at 562,569,837.
- Regulatory Milestones: The completion follows prior announcements, regulatory filings, and listing approval by the Hong Kong Stock Exchange.
Important Information for Shareholders
- Potential Impact on Share Price: The substantial increase in the proportion of H Shares available for trading on the Hong Kong Stock Exchange could significantly impact liquidity, trading volumes, and potentially the valuation of Huitongda Network Co., Ltd. This development is likely to be price sensitive.
- Increased Accessibility for Investors: With H Shares now representing over 94% of the issued shares, international and Hong Kong-based investors will have substantially greater access to the company’s shares, potentially attracting new institutional and retail investors.
- Shareholders’ Caution Advised: The company advises shareholders and potential investors to exercise caution when dealing in its securities due to the possible market reaction to the completion of the H Share Full Circulation.
Detailed Shareholding Structure Before and After Conversion
| Type of Shares |
Number of Shares (Before) |
% of Total (Before) |
Number of Shares (After) |
% of Total (After) |
| Domestic Shares |
382,303,498 |
67.96% |
32,553,685 |
5.79% |
| H Shares |
180,266,339 |
32.04% |
530,016,152 |
94.21% |
| Total |
562,569,837 |
100.00% |
562,569,837 |
100.00% |
Leadership and Corporate Governance
The Board of Huitongda Network Co., Ltd. is chaired by Mr. Wang Jianguo and includes both executive and non-executive directors, as well as independent directors. This governance structure is in place to provide oversight and ensure transparency as the company undergoes this significant change.
What Investors Should Watch
- Trading Dynamics: The change in the shareholding structure could substantially alter trading dynamics, with much higher liquidity expected in the H Shares market.
- Valuation Effects: As more shares become accessible to international investors, the company’s valuation may be subject to reassessment.
- Potential Volatility: The immediate aftermath of the conversion and listing may see increased volatility as the market digests the new supply of H Shares.
Conclusion
This completion of H Share Full Circulation represents a transformational event for Huitongda Network Co., Ltd., opening up the company to a broader investor base and potentially reshaping its market profile. Investors should closely monitor trading activity and price movements in the days following the listing of the newly converted H Shares.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should exercise their own judgment and consult professional advisors before making investment decisions. The company has advised caution in dealing with its securities due to the potentially price-sensitive nature of this announcement.
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