ABLE DIGITAL (02687) has announced a proposal to convert domestic unlisted shares into H shares, marking a significant step toward full H-share circulation.
On August 27, 2026, the company's board considered and approved a plan to convert 4.7139 million domestic unlisted shares held by participating shareholders into H shares. This represents approximately 7.0708% of the company's total issued share capital as of the announcement date, following the receipt of shareholder interest in the H-share full circulation initiative.
The proposed conversion is subject to filing with the China Securities Regulatory Commission and approval from the Stock Exchange of Hong Kong. Additionally, the number of domestic unlisted shares to be circulated may be adjusted if the company issues bonus shares or capitalizes capital reserves to existing shareholders before the completion of the H-share full circulation process.