Bama Tea Co., Ltd. (stock code: 6980) announced that its board of directors has approved a proposal to implement H Share Full Circulation in accordance with the latest guidelines issued by the China Securities Regulatory Commission. On October 30, 2025, the Company submitted a filing application to the CSRC, aiming to convert 31,933,125 domestic shares into H shares, representing approximately 37.57% of the Company’s total issued shares as of the announcement date.

According to the Company, once all relevant filings and approvals—particularly from the CSRC and The Stock Exchange of Hong Kong Limited—are obtained, the converted shares will be eligible for listing and trading on the Main Board of the Stock Exchange. The ultimate number of shares to be converted and the final timeline will depend on satisfying the requirements of the CSRC, the Stock Exchange, and other applicable regulatory authorities.