Xinte Energy (01799) has announced that its board of directors has reviewed and approved a proposal to implement the conversion of all its domestic non-tradable shares into H-shares. The plan involves approximately 1.054 billion shares held by domestic shareholders, representing about 73.69% of the company's total issued share capital as of the announcement date.

The full convertibility of H-shares is contingent upon filing with the China Securities Regulatory Commission and obtaining approval from The Stock Exchange of Hong Kong Limited. Only after securing all necessary approvals, including the CSRC filing and HKEX approval, and complying with all applicable laws, rules, and regulations, will the domestic non-tradable shares be converted into the company's H-shares.

Following the conversion, the company intends to apply to the HKEX for approval to list and trade these H-shares on the Main Board of the exchange.