Miexue Group: The company plans to implement the H-share full circulation plan

Merry Snow Group announced on the Hong Kong Stock Exchange that the company has, on April 30, 2026, submitted an application to the China Securities Regulatory Commission to convert 22,823,988 non-listed shares of the company (representing approximately 6.01% of the total number of issued shares of the company as of the date of this announcement) into H shares, in order to implement full circulation of H shares. After obtaining all relevant approvals and/or filings (including the filing notice from the China Securities Regulatory Commission and the approval from the Hong Kong Stock Exchange) and complying with all applicable laws, regulations, and rules, these non-listed shares will be converted into H shares, and the company will apply for the listing and trading of these H shares on the Main Board of the Hong Kong Stock Exchange.

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