FORM 2 - Corporate Substantial Shareholder Notice
 
Form Serial Number: CS20260618E00068 
1. Date of relevant event: 15/06/2026
(dd/mm/yyyy)
2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later):
(dd/mm/yyyy)
3. Stock code: 02570
4. Name of listed corporation: Shanghai REFIRE Group Ltd. - H Shares 
5. Class of shares: H Shares 
6. Number of issued shares in class: 88,760,100
7. Name of substantial shareholder: Macquarie Group Limited 
8. Registered office: Level 1, 1 Elizabeth Street, Sydney, New South Wales 2000, Australia
9. Principal place of business in Hong Kong: N/A 
15. Exchange on which listed: Australian Securities Exchange
16. Name of listed parent and exchange on which parent is listed: N/A 
17. Details of relevant event:
  Brief description of relevant event Capacity in which shares were/are held Number of shares bought/sold or involved Currency of transaction On Exchange Off Exchange
Before relevant event After relevant event Highest price (per share) Average price (per share) Average consideration (per share) Nature of consideration
Long position
1213The percentage level of your interest in the shares has reduced because:
any other event (you must briefly describe the relevant event in the Supplementary Information box)
2201Interest of corporation controlled by you
26,610,565 HKD
Short position 
 
 
 		            
18. Total shares immediately before the relevant event:
 Total number of sharesPercentage figure (%)
Long position10,000,00016.09
19. Total shares immediately after the relevant event:
 Total number of sharesPercentage figure (%)
Long position10,000,00011.27
20. Capacity in which interests disclosed in Box 19 are held:
Capacity codeNumber of shares
2201Interest of corporation controlled by you
Long position10,000,000

21. Further information in respect of derivative interests:
Derivatives codeNumber of shares
4107Unlisted derivatives - Convertible instruments
Long position10,000,000
22. Further information in relation to interests of corporations controlled by substantial shareholder:
Name of controlled corporationAddress and place of incorporationName of controlling person% controlDirect interest (Y/N)Number of shares
Macquarie Bank LimitedLevel 1, 1 Elizabeth Street, Sydney, New South Wales 2000, AustraliaMacquarie B.H. Pty Ltd100.00Y
Long position10,000,000
Macquarie B.H. Pty LtdLevel 1, 1 Elizabeth Street, Sydney, New South Wales 2000, AustraliaMacquarie Group Limited100.00N
Long position10,000,000

23. Further information in relation to interests held by substantial shareholder jointly with another person:
Name of joint shareholderAddressNumber of shares
 
24. Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust:
Names of trustAddressStatus codeNumber of shares
  
25. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):
Names of other partiesAddressNumber of shares
 
Total number of shares in which a substantial shareholder is interested under sections 317 and 318
26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:
NamesAddressRelationship CodePercentage (%)
  
 
27. Supplementary information: Two events on 15 June 2026. [1] The conditions precedent under the subscription agreement with the listed company were all satisfied. The warrants were issued to Macquarie Bank Limited (MBL) resulting to MBL's change in nature of interest from the purchase of 10,000,000 warrants reflected in Box 18 and 19. [2] The conversion of Domestic Shares to H-Shares was completed. 26,610,565 shares in Box 17 refers to the converted shares.
28. Log/Serial Number of the previous form:
29. Number of concert party document(s) under section 317 attached/uploaded:
Date of filing this Form 2: 18/06/2026
(dd/mm/yyyy)