COL(SZ:300364) Xin Lang Cai Jing·2025-12-15 13:28Core Viewpoint - The company, Zhongwen Online Group Co., Ltd. (stock code: 300364), announced plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and competitiveness [1] Group 1: Announcement Details - The sixth board meeting of the company was held on December 15, 2025, where the proposal for issuing H-shares and listing on the Hong Kong Stock Exchange was approved [1] - The proposal will be submitted for shareholder approval and is expected to be completed within 24 months from the date of approval [1] - The company is currently in discussions with relevant intermediaries regarding the specifics of the issuance, although details such as the proportion of shares to be issued have not been finalized [1] Group 2: Regulatory Considerations - The issuance and listing are subject to approval from regulatory bodies including the China Securities Regulatory Commission, the Hong Kong Stock Exchange, and the Hong Kong Securities and Futures Commission [1] - There is significant uncertainty regarding whether the proposal will pass the necessary reviews and regulatory approvals [1]