SAIMO (02571) announced that its board of directors reviewed and approved on December 30, 2025, the conversion of 65,081,360 domestic non-tradable shares held by certain company shareholders, representing approximately 48.81% of the company's total issued share capital as of the date of this announcement, into the company's H-shares (H-share full circulation).

Upon obtaining all relevant approvals, including the filing notice from the China Securities Regulatory Commission, and complying with all applicable laws, rules, and regulations, these domestic non-tradable shares will be converted into the company's H-shares.

The company will then apply to The Stock Exchange of Hong Kong Limited for the approval to list and trade these H-shares on the Main Board of the Exchange.

According to the company's articles of association, the H-share full circulation, conversion, and listing do not require approval from a shareholders' general meeting.

As of the date of this announcement, the company has not yet submitted the H-share full circulation filing application to the China Securities Regulatory Commission, and the detailed implementation plan for the conversion and listing has not been finalized.