Summary by Futu AI
Jinyuan Hydro announced that the Hong Kong Stock Exchange has approved the listing and trading of 716,730,000 H-shares (conversion of H-shares). The company is working on custody, holding details maintenance, cross-border settlement, and other related procedures for the conversion of H-shares and will complete the conversion and trading process in a timely manner. After the conversion, Henan Jinma Energy Co., Ltd. will hold 74.65% of the company's shares, and Shanghai Jinma Energy Co., Ltd. will hold 0.35%. The company's unlisted shares will decrease from 75% to 0%, while H-shares will increase from 25% to 100%, and the total share capital structure will remain unchanged. Jinyuan Hydro will make further announcements about the progress of conversion and listing at an appropriate time and has engaged Shanghai Panming Law Firm as its legal counsel in China. Shareholders and potential investors of the company should act prudently.