MIXUE GROUP (02097) has announced that, following guidance and in consideration of shareholder interest, its board of directors has approved an application submitted to the China Securities Regulatory Commission on April 30, 2026. The application seeks to convert approximately 22.824 million non-tradable shares, representing about 6.01% of the company's total issued shares as of the announcement date, into H shares to achieve full H-share circulation. Upon obtaining all necessary approvals and/or completing required filings—including the filing notice from the CSRC and approval from the Hong Kong Stock Exchange—and complying with all applicable laws, regulations, and rules, these non-tradable shares will be converted into H shares. The company will then apply for the listing and trading of these H shares on the Main Board of the Hong Kong Stock Exchange. According to the company's articles of association, the full circulation of H shares does not require further approval from shareholders. As of the announcement date, the company has not yet completed the CSRC filing process, has not applied to the Hong Kong Stock Exchange for the conversion and listing, and specific details of the full circulation plan have not been finalized. MIXUE GROUP will provide further updates on the progress and details of the application in a timely manner.