Core Viewpoint - The company, Cloudwalk (02670), has submitted an application to the China Securities Regulatory Commission (CSRC) on November 18, 2025, to convert all its unlisted domestic shares into H-shares, aiming for a listing on the main board of the Hong Kong Stock Exchange [1] Group 1: Company Actions - The conversion and listing of unlisted shares into H-shares will enhance the tradable proportion and market value of the company's H-shares [1] - The company believes that participating in the full circulation of H-shares will have positive implications for both the company and its shareholders [1] - The company will not hold a separate shareholders' meeting for the approval of the conversion and listing, as per its articles of association [1] Group 2: Market Implications - The conversion and listing are expected to diversify the shareholder structure of H-shares and improve the company's corporate image and reputation [1] - Following the conversion and listing, the company may be included in the Stock Connect programs (Shanghai-Hong Kong and Shenzhen-Hong Kong), which will increase the number of investors and strengthen connectivity with mainland Chinese exchanges [1]
云迹(02670)就申请建议实行H股全流通向中国证监会备案