Mao Geping Cosmetics Co., Ltd. (1318) reported that the Stock Exchange of Hong Kong on January 29, 2026, approved the listing of 228,344,600 unlisted shares, paving the way for the full circulation of its H shares. The unlisted shares slated for conversion are collectively held by seven participating shareholders, including founder and Chairman Mao Geping, who will convert 113,680,000 shares (approximately 23.19% of the total share capital post-conversion).

Following the conversion, the company’s total of 490,186,900 issued shares will all be listed as H shares (previously 46.58% were unlisted). Before the conversion, there were 261,842,300 H shares and 228,344,600 unlisted shares. Post-conversion, the participating shareholders will hold a combined 46.58% of the company’s total issued shares. The remaining shares, including 261,842,300 previously listed H shares, will make up the balance of the fully circulated H share structure.

The company will continue to follow the necessary procedures for the upcoming H share conversion and listing. Shareholders and potential investors are urged to exercise caution when dealing in its securities.