Shanxi Installation Group Co., Ltd. (stock code: 2520) has announced that its board of directors approved a proposal on 21 November 2025 to convert 1,000,000,000 domestic shares into H shares. According to the company, this represents approximately 72.81% of its total issued share capital as of the announcement date.

The company notes that the number of domestic shares to be converted remains subject to filing with the China Securities Regulatory Commission (CSRC) and approvals from The Stock Exchange of Hong Kong Limited (SEHK). Once all relevant regulatory approvals and filings are obtained, the converted shares are expected to be listed and traded on the Main Board of SEHK.

In accordance with applicable laws and the company’s articles of association, no general meeting is required for this conversion proposal. Shareholders and potential investors should note that the conversion process remains subject to additional procedures mandated by the CSRC, SEHK, and other regulatory bodies. The company advises caution when dealing in its securities.