YooBao Online (02429) announced that it has submitted an application for filing to the China Securities Regulatory Commission to convert approximately 65.113 million domestic shares to H shares on a 1:1 basis. After completing all application requirements (including filing with the China Securities Regulatory Commission) and obtaining all relevant approvals (including approval for conversion and listing on the Stock Exchange), approximately 65.113 million domestic shares will be converted into approximately 65.113 million H shares, which will be listed and traded on the Stock Exchange.

As of the date of this announcement, the company has not yet applied to the Stock Exchange for conversion and listing, and details of the implementation plan for the full circulation, conversion, and listing of H shares have not been finalized. The full circulation, conversion, and listing of H shares are subject to the completion of other relevant procedures prescribed by the China Securities Regulatory Commission, the Stock Exchange, and other relevant regulatory agencies.