We trade as a Shanghai A-share (601689) and are A-share-only today. On December 1, 2025 we announced plans to issue H-shares and list in Hong Kong, though the listing is planned but not yet completed and carries some uncertainty. For investors who can access China A-shares directly, our Shanghai listing is already reachable — the Hong Kong listing would open a cleaner route for an international book, not a precondition for ownership. A peer completed a similar A-to-A-plus-H path roughly a year ahead.