On August 27, 2024, Shangtang Group completed the conversion of 6,906,080,602 Class A common shares into Class B common shares. After this share conversion, the total number of Class B common shares in the company increased to 34,528,336,530 shares, while the number of Class A common shares decreased to 614,034,470 shares. The conversion ratio was one-to-one and was completed on the same day. This move was in compliance with the requirements of the Listing Rules of the Hong Kong Stock Exchange and has obtained formal authorization from the board of directors. The conversion was carried out by Professor Tang Xiaoo through the A-class shares held by Amind Inc. and complied with all relevant laws and regulatory requirements.

On August 27, 2024, Shangtang Group completed the conversion of 6,906,080,602 Class A common shares into Class B common shares. After this share conversion, the total number of Class B common shares in the company increased to 34,528,336,530 shares, while the number of Class A common shares decreased to 614,034,470 shares. The conversion ratio was one-to-one and was completed on the same day. This move was in compliance with the requirements of the Listing Rules of the Hong Kong Stock Exchange and has obtained formal authorization from the board of directors. The conversion was carried out by Professor Tang Xiaoo through the A-class shares held by Amind Inc. and complied with all relevant laws and regulatory requirements.