SF Express Tongcheng (09699) plans to implement full circulation of H shares

Zhitong Finance App News, SF Tongcheng (09699) issued an announcement. The board of directors of the company has reviewed and approved the proposal to convert 172 million unlisted domestic shares held by Shenzhen SF Tyson Holdings (Group) Co., Ltd. (SF Tyson), one of the controlling shareholders of the company, to implement the full circulation of H shares. These shares account for about 18.72% of the company's total issued share capital on the date of this announcement. The full circulation of H shares will help further increase the company's market value in circulation. The company's controlling shareholders, SF Express Tyson and SF Holdings Co., Ltd. are firmly optimistic about the company's long-term development and currently have no plans to reduce their holdings of the company's shares.

The company has submitted an application to the China Securities Regulatory Commission for full circulation of H shares. Subject to obtaining all relevant approvals and/or filings (including the filing of the China Securities Regulatory Commission and the approval of the Stock Exchange) and in compliance with all applicable laws, regulations and rules, the relevant unlisted shares will be converted to H shares, and the company will apply for the listing and trading of such H shares on the main board of the Stock Exchange.