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According to the Liaogang Stock Exchange announcement, the market value of the company's H shares listed on the Stock Exchange was about HK$626 million, accounting for 3.67% of the total number of H shares issued, which is still below the minimum public shareholding requirement stipulated in the Stock Exchange listing rules. The company is actively exploring possible solutions, including communicating with major shareholders, consulting professional organizations, studying ways for shareholders to sell shares, issue additional H shares, and repurchase and cancel A shares. Currently, no clear practical plan has been formed. The Stock Exchange has agreed that the company will maintain a transition period arrangement to restore public shareholding. During the transition period, the company will disclose progress every month in accordance with regulations.
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According to the Liaogang Stock Exchange announcement, the market value of the company's H shares listed on the Stock Exchange was about HK$626 million, accounting for 3.67% of the total number of H shares issued, which is still below the minimum public shareholding requirement stipulated in the Stock Exchange listing rules. The company is actively exploring possible solutions, including communicating with major shareholders, consulting professional organizations, studying ways for shareholders to sell shares, issue additional H shares, and repurchase and cancel A shares. Currently, no clear practical plan has been formed. The Stock Exchange has agreed that the company will maintain a transition period arrangement to restore public shareholding. During the transition period, the company will disclose progress every month in accordance with regulations.
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