CALB (03931) plans to implement full circulation of H shares.

CALB(03931) announced that, in accordance with the guidelines and considering the intention of some shareholders to participate in the full circulation of H shares, on February 5, 2026, the company's board of directors has considered and approved a proposal to convert 207,102,914 domestic shares held by certain shareholders into H shares, accounting for approximately 11.69% of the total issued share capital of the company as of the date of this announcement. The number of domestic shares intended to be included in the full circulation of H shares in this round still requires approval from the China Securities Regulatory Commission and the Hong Kong Stock Exchange. Any adjustments will be made if the company distributes bonus shares or increases capital reserves before the completion of the full circulation of H shares. As of the date of this announcement, the company has submitted the application documents for the full circulation of H shares to the China Securities Regulatory Commission.