Hangzhou Tongshifu Cultural and Creative (Group) Co., Ltd. (Tongshifu) has approved a plan to join the China Securities Regulatory Commission’s (CSRC) H-share “full circulation” programme, aiming to convert its last tranche of domestic unlisted shares into Hong Kong-listed H shares.

Under the resolution passed by the Board on 1 June 2026, a total of 2.18 million domestic shares—equal to 3.38% of Tongshifu’s issued share capital—will be converted. The shares are currently held by:

• Beijing Hezhong Venture Capital Equity Investment Center (Limited Partnership): 2.01 million shares, representing 3.12% of the company’s capital. • Shanghai Ruma Youhua Enterprise Management Partnership (Limited Partnership): 0.17 million shares, representing 0.27%.

The move will raise Tongshifu’s overseas-listed portion from 96.62% to 100%. Post-conversion, Tongshifu’s registered share capital will remain unchanged at RMB64.41 million, comprising 64.41 million H shares.

To align corporate governance documents with the new structure, the Board also endorsed amendments to Articles 17 and 18 of the Articles of Association, chiefly to delete references to domestic unlisted shares and affirm that all issued shares will be registered and settled as overseas-listed H shares. These amendments require shareholder approval via special resolution at the 2025 annual general meeting scheduled for 26 June 2026.

Tongshifu has not yet filed the full-circulation application with the CSRC. Completion of the conversion and subsequent listing on the Hong Kong Stock Exchange’s Main Board remain subject to CSRC filing, Hong Kong Stock Exchange approval, and other regulatory procedures. The company will issue further announcements as milestones are reached.

Investors are advised to exercise caution when dealing in Tongshifu securities pending further updates.