Core Points - The China Securities Regulatory Commission (CSRC) has issued a notice regarding the "full circulation" registration of unlisted shares for Baiwang Co., Ltd. [1] - A total of 52 shareholders of Baiwang Co., Ltd. plan to convert 135,064,706 shares from unlisted to listed shares for trading on the Hong Kong Stock Exchange [1] - If the share conversion is not completed within 12 months from the issuance of the notice, the company must update its registration materials to continue the process [1] Financial Performance - Baiwang Co., Ltd. reported a revenue of 348 million yuan for the six months ending June 30, 2025, representing a year-on-year increase of 23.45% [4] - The gross profit for the same period was 162 million yuan, showing a year-on-year increase of 46.84% [4] - The company achieved a net profit attributable to shareholders of 3.717 million yuan, a turnaround from a loss of 44.6 million yuan in the same period last year, resulting in a basic earnings per share of 0.02 yuan [4]

Core Viewpoint - The Hong Kong stock market experienced a decline across all major indices, while AI solution provider Yunzhisheng (9678.HK) saw a significant increase of 26.55% to HKD 591 due to its announcement regarding the conversion of non-listed shares to H-shares [1] Company Summary - Yunzhisheng announced that it has submitted an application to the China Securities Regulatory Commission (CSRC) to convert 24,488,277 domestic non-listed shares and 4,570,649 non-listed foreign shares into H-shares [1] - The conversion will allow these shares to be listed and traded on the main board of the Hong Kong Stock Exchange, pending approval from relevant regulatory bodies including the CSRC and the Stock Exchange [1] - As of the announcement date, the company has not yet completed the filing with the CSRC regarding this application and will provide further updates on the progress and details at an appropriate time [1]

Core Viewpoint - The company Yunzhisheng (09678) has submitted an application to the China Securities Regulatory Commission (CSRC) to convert a total of 24.4883 million domestic unlisted shares and 4.5706 million unlisted foreign shares into H-shares for listing on the Hong Kong Stock Exchange [1] Group 1 - The total number of domestic unlisted shares to be converted is 24.4883 million [1] - The total number of unlisted foreign shares to be converted is 4.5706 million [1] - The conversion is subject to approval from relevant regulatory bodies, including the CSRC and the Hong Kong Stock Exchange [1]

Group 1 - The China Securities Regulatory Commission has issued a notification regarding the "full circulation" of unlisted shares for Guohong Hydrogen Energy Technology (Jiaxing) Co., Ltd, allowing 12 shareholders to convert a total of 41,303,978 shares into listed shares on the Hong Kong Stock Exchange [1] - The company must complete the share conversion within 12 months from the date of the notification, or it will need to update its filing materials if it wishes to continue the process [1] Group 2 - According to Frost & Sullivan, the company is a leading player in China's hydrogen fuel cell industry, ranking first in hydrogen fuel cell stack shipments from 2017 to 2022 [4] - The company ranked first in sales value of hydrogen fuel cell systems in 2022 and second in sales volume of hydrogen fuel cell systems in the same year [4]

Core Viewpoint - The company has submitted an application to the China Securities Regulatory Commission (CSRC) to convert 9,286,359 domestic shares into H-shares, pending regulatory approvals [1] Group 1 - The conversion of shares is aimed at allowing the unlisted shares to be traded on the main board of the Stock Exchange of Hong Kong [1] - The company has not yet completed the filing with the CSRC as of the date of the announcement [1]