sicboidn| Shell-W: Equity structure adjustment, cancellation of nearly 50 million shares and conversion of 1.9943 million shares from Class B to Class A

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[Shell-W completes share cancellation and share capital conversion]

On May 22, 2024, Shell-W announced that it had successfully cancelled up to 4,971sicboidn.570 million sharessicboidnShares repurchased. In addition, the company also converted 1.9943 million Class B ordinary shares into Class A ordinary shares. This move strengthens the company's equity structure and has the potential to bring potential value growth to shareholders.