Summary by Futu AI
GUOQUAN FOOD (SHANGHAI CO., LTD.) COMPLETED THE CONVERSION OF 11,353,576 UNLISTED SHARES OF 11,353,576 SHARES INTO H SHARES ON 28 NOVEMBER 2024. THESE CONVERTIBLE SHARES WILL BEGIN LISTING ON THE HONG KONG FEDERAL EXCHANGE ON 29 NOVEMBER 2024. AFTER THIS CONVERSION, THE SHARE RATIO OF THE COMPANY INCREASED FROM 65.4468 PERCENT TO 65.8600 PERCENT.THIS IS AN IMPORTANT MILESTONE IN THE CAPITAL MARKET FOR THE COMPLETED FLAGSHIP COMPANY IN THE CAPITAL MARKET, PROVIDING SHAREHOLDERS WITH GREATER MOBILITY AND INVESTMENT OPPORTUNITIES. In the process, the Company has obtained a draft notice from the Securities Regulatory Commission of China and the listing approval of the Joint Stock Exchange. This measure is expected to further increase the company's market competitiveness and shareholder value.The Chairman of the Board of Directors and the Interim Chairman of the Executive Director of the Company stated that shareholders and investors should review the conduct of the sale of the Company's securities. The company will continue its efforts to improve its business performance and return to shareholders.