According to the announcement of Binhua Co., Ltd., the total number of H shares sold by the company worldwide is 352 million shares, of which the Hong Kong public sale accounts for 10% and the international sale accounts for 90%. After deducting related expenses, the net proceeds are estimated to be approximately HK$1,160 billion. 352 million H shares were listed and traded on the main board of the Hong Kong Stock Exchange on July 10, 2026. H shares are abbreviated as “Binhua Shares” in Chinese. After the issuance and listing was completed, the shareholding ratio of A-share shareholders fell to 85.38%, and H-share shareholders accounted for 14.62%; the shareholding ratio of Binzhou Heyi Industrial Investment Partnership, which held 5% or more of the shares, dropped to 9.90%.

According to the announcement of Binhua Co., Ltd., the total number of H shares sold by the company worldwide is 352 million shares, of which the Hong Kong public sale accounts for 10% and the international sale accounts for 90%. After deducting related expenses, the net proceeds are estimated to be approximately HK$1,160 billion. 352 million H shares were listed and traded on the main board of the Hong Kong Stock Exchange on July 10, 2026. H shares are abbreviated as “Binhua Shares” in Chinese. After the issuance and listing was completed, the shareholding ratio of A-share shareholders fell to 85.38%, and H-share shareholders accounted for 14.62%; the shareholding ratio of Binzhou Heyi Industrial Investment Partnership, which held 5% or more of the shares, dropped to 9.90%.