Shenzhen Pagoda Industrial (Group) Corporation Limited (stock code: 02411.HK) officially completed the conversion of 85,448,554 Unlisted Shares into H Shares on 31 October 2025. The total number of issued shares remains 1,818,837,500, now fully comprising H Shares.

Before the conversion, the company’s issued share capital consisted of 1,733,388,946 H Shares and 85,448,554 Unlisted Shares. Upon completion, H Shares increased by 85,448,554 and Unlisted Shares decreased by the same amount, resulting in a final tally of 1,818,837,500 H Shares in total.

According to the announcement, the Hong Kong Stock Exchange approved listing and trading of the newly converted H Shares, which will commence at 9:00 a.m. on 3 November 2025. No changes have been made to the overall number of issued shares, but the entire share structure is now represented by H Shares.