SUNDART HLDGS (01568) Public Float Stands at Approximately 24.26%

Stock News04-09

SUNDART HLDGS (01568) has announced that, as of the date of this announcement, the company's public float is approximately 24.26%. This figure remains below the minimum public float requirement stipulated in Rule 13.32B(1) of the Listing Rules. The company's plan to restore its public float is being implemented according to the anticipated timeline set out in its announcement dated March 3, 2026. The company is in ongoing discussions with its financial adviser, potential placees, and other relevant parties. The specific terms of the restoration plan, including a detailed implementation schedule for various milestones, are expected to be finalized and announced within the first half of 2026. The board of directors is currently conducting a review to assess the capability and professionalism of the financial adviser recommended by the company's management. The board is also considering other feasible options to restore the public float, which may include, but are not limited to, inviting the company's core connected persons to consider selling their shares. The company will make every effort to restore its public float by the end of the third quarter of 2026.

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