UBOX ONLINE (02429) announced that its board of directors, on October 20, 2025, has reviewed and approved the proposal for the full convertibility of H shares. This plan involves converting 40.67 million non-listed domestic shares into H shares. Following the obtaining of all relevant approvals (including filing with the China Securities Regulatory Commission) and compliance with all applicable laws, regulations, and rules, the 40.67 million domestic shares will be converted into H shares. The company will also apply to the Stock Exchange of Hong Kong for the approval of these H shares to be listed and traded on the main board. According to the company's Articles of Association, no approval from the shareholders meeting is required for the conversion and listing.