Breton Technology Co., Ltd. Announces Proposed Full Circulation of H Shares
Key Points
- Breton Technology Co., Ltd. (“the Company”) proposes to implement “full circulation” of its domestic unlisted shares, allowing these shares to be converted into H shares and traded on the Main Board of The Stock Exchange of Hong Kong Limited.
- The proposal covers 32,275,272 domestic unlisted shares, representing approximately 8.28% of the Company’s total issued share capital.
- The process is subject to approvals from the China Securities Regulatory Commission (CSRC), the Hong Kong Stock Exchange (HKEX), and compliance with relevant laws and regulations.
- No additional general meeting of shareholders is required according to the Company’s articles of association.
Details for Investors and Shareholders
The Company’s Board of Directors has approved the proposed implementation of the full circulation plan for domestic unlisted shares. This strategic move follows the CSRC’s guidelines regarding the conversion and full circulation of domestic shares, aiming to enhance the liquidity and visibility of these shares in the Hong Kong market.
Upon completion of all necessary procedures — including filing with the CSRC, obtaining HKEX approval, and meeting all regulatory requirements — the involved domestic shares will be officially converted into H shares. The Company will then apply to the Stock Exchange for the listing and permission to deal in these newly converted H shares.
It is important to note that, as of the announcement date:
- The Company has not yet submitted filing applications to the CSRC.
- The Company has not yet applied to the HKEX for the conversion and listing.
- Details of the implementation plan are still being finalized.
Potential Price-Sensitive Information
The proposed full circulation and listing of 8.28% of the Company’s total share capital as H shares is a significant development. If approved and executed, this will increase the trading supply of the Company’s H shares, potentially impacting share liquidity and, consequently, the share price.
Shareholders and potential investors should be aware that the process is still in early stages and subject to multiple regulatory approvals. Any significant progress or updates will be announced in accordance with Hong Kong’s Inside Information Provisions and Listing Rules.
Board Statement
The announcement is issued under the authority of the Board, led by Chairman, General Manager, and Executive Director Mr. Chen Fangming. The Board currently comprises a total of ten directors, including executive, non-executive, and independent non-executive directors.
Investor Advisory
Shareholders and potential investors are strongly advised to exercise caution when dealing in the Company’s securities, as the full circulation and listing process is subject to regulatory scrutiny and may not proceed as anticipated.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. The proposed H Shares Full Circulation and Conversion and Listing are subject to regulatory approvals and may not proceed as described. Investors should consult their own financial advisors and monitor official company announcements for further developments.
百通科技股份有限公司宣佈擬實施H股全流通計劃
重點摘要
- 百通科技股份有限公司（「公司」）擬實施「H股全流通」計劃，將內資未上市股份轉為H股，在香港聯合交易所主板上市及買賣。
- 此計劃涵蓋32,275,272股內資未上市股份，約佔公司已發行股本總額8.28%。
- 計劃需獲中國證監會（CSRC）、香港交易所（HKEX）批准，並符合所有相關法律及規例。
- 根據公司章程，無需召開額外股東大會以批准本次H股全流通。
投資者及股東需知詳情
董事會已審議並通過全流通計劃，根據中國證監會的相關指引，推動內資股份轉為H股流通，提升股份流動性及公司在香港市場的能見度。
完成所有必要程序後，包括向中國證監會申報、獲香港交易所批准及符合法規要求，相關內資股份將正式轉為H股，公司會向聯交所申請上市及買賣許可。
請注意，截至公告日：
- 公司尚未向中國證監會遞交申報文件。
- 公司尚未向香港交易所申請轉換及上市。
- 實施細節仍在擬定中。
潛在敏感信息及股價影響
擬上市股份佔公司總股本8.28%，此舉如獲批准並完成，將顯著增加H股流通量，或對股價帶來影響。
相關流程尚處初步階段，須經多重監管審批，進展或變動公司會按香港披露規則及時公告。
董事會聲明
本公告由董事會發出，主席及總經理陳方明先生為執行董事。現時董事會共十人，包括執行、非執行及獨立非執行董事。
投資者提示
股東及潛在投資者務請審慎買賣公司證券，因全流通及上市進程受監管審批，未必如期推進。
免責聲明
本文僅供參考，並不構成投資建議。有關H股全流通及轉換上市計劃仍需監管批准，或有變動。投資者應諮詢財務顧問，並留意公司正式公告。
