Shanghai REFIRE Group Limited released its resubmitted Monthly Return for the period ended 30 June 2026 on 6 July 2026, detailing a substantial restructuring of its share classes and fresh warrant issuance.

Key Capital Changes • Registered share capital rose to RMB 93.23 million after converting 26.61 million Domestic Shares into H Shares on 15 June 2026. • H-share count increased from 62.15 million to 88.76 million, while Domestic Shares fell to 4.47 million; the total number of issued shares (excluding 18,000 treasury shares) remained unchanged at 93.22 million. • Public-float compliance was confirmed, with H Shares comfortably above the 25% minimum threshold.

Treasury Shares • REFIRE continued to hold 18,000 H Shares in treasury; no changes were recorded during the month.

Equity Incentives • The Pre-IPO share-option scheme (adopted 21 January 2024) shows 1.90 million unexercised options, representing the same number of potential Domestic Shares. No exercises occurred in June.

Warrant Placement • On 15 June 2026, the company issued 10.00 million unlisted warrants to Macquarie Bank Limited under a subscription agreement approved on 11 June 2026. – Subscription price: HKD 0.2657 per share – Expiry: 15 December 2027 – No warrant conversions were executed during the reporting month.

Overall, the completion of full H-share circulation increases the tradable share base in Hong Kong, while the new warrant facility provides REFIRE with a potential future capital-raising channel without immediate dilution.