CiDi Inc. has called a virtual extraordinary general meeting (EGM) for 3:00 p.m. on 8 October 2026 to secure shareholder approval for a “Full Circulation” plan that would convert all outstanding domestic shares into overseas-listed H Shares on the Main Board of The Stock Exchange of Hong Kong.
Key Points
1. Scope of Conversion • Four domestic shareholders—Yuewan Lakeside Venture Capital (Dongguan) Enterprise, Chengdu Ruichuang Zhitu Venture Capital Partnership, Chengdu Science and Technology Innovation Investment Group, and Chengdu Ceyuan Guangyi Digital Economy Equity Investment Fund Partnership—intend to convert a combined 13.45 million domestic shares into H Shares. • The conversion represents 100 % of their existing domestic holdings, except for Yuewan Lakeside, which will convert 70 %.
2. Post-Conversion Share Structure • CiDi currently has 43.79 million ordinary shares outstanding, of which 1.35 million (3.07 %) are unlisted domestic shares and 42.44 million (96.93 %) are H Shares. • Following conversion and listing approval, all 43.79 million ordinary shares would be H Shares, eliminating the domestic share class.
3. Implementation Process • The company will file the Full Circulation application with the China Securities Regulatory Commission (CSRC). • Upon receipt of the CSRC filing notice and the Hong Kong Stock Exchange’s approval for listing and dealing, the converted shares will be transferred to HKSCC Nominees Limited for trading through CCASS.
4. Board Authorization • Shareholders are asked to grant any one executive director full authority for 24 months to: – submit applications to the CSRC, Hong Kong regulators, and clearing houses; – adjust the circulation plan within approved parameters; – execute all related documentation and engage professional advisers; and – complete all post-approval registrations and filings. • If CSRC or HKEX approvals are obtained within the 24-month window, the authorization automatically extends until all related procedures are finalized.
5. Articles of Association Amendments • To reflect the elimination of domestic shares, Article 21 will be revised to state that all 43.79 million issued ordinary shares are overseas-listed shares (100 %). • Future domestic-to-H share conversions will require only Board approval, removing the need for separate shareholder votes.
EGM Logistics
• Record date: 8 October 2026; share transfer registration closes 5–8 October. • Shareholders may attend and vote via the dedicated eVoting Portal; proxy forms must be lodged by 3:00 p.m. on 7 October 2026.
Board Recommendation
The directors consider the Full Circulation, associated authorization, and constitutional amendments to be in the best interests of CiDi Inc. and its shareholders and recommend voting in favour of all resolutions at the forthcoming EGM.