Saimo Technology's Public Float Stands at Approximately 22.58%

Stock News05-06

Saimo Technology (02571) has announced that, as of the date of the announcement, the company's public float is approximately 22.58%, which remains below the minimum threshold of 25% required by Listing Rule 19A.28B(1)(a). Given that the full circulation of H-shares is still undergoing the filing process with the China Securities Regulatory Commission, and considering the time required for the CSRC to review the filing application, the company anticipates that the timeline for restoring the public float may need to be extended by approximately two months. Consequently, the company will make every effort to restore the public float on or before September 8, 2026.

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