CSRC’s International Cooperation Department issued a record notice for Weidali
Technology Co., Ltd.’s proposed overseas IPO and conversion of domestic unlisted
shares to full circulation. The company plans to issue up to 220,164,400
ordinary shares for listing on the Hong Kong Stock Exchange (HKEX). Seventeen
shareholders intend to convert a total of 765,789,470 domestic unlisted shares
into overseas-listed shares for trading on HKEX.