Sundart Updates on Public-Float Shortfall: Stake in Public Hands at 24.26%, Restoration Plan to Be Finalised by H1 2026

Bulletin Express04-09

Sundart Holdings Limited reported that its public float stood at approximately 24.26% as of 9 April 2026, remaining below the 25% minimum required under Rule 13.32B(1) of the Hong Kong Listing Rules.

The board confirmed that the previously announced restoration roadmap is progressing. Key milestones include: • Finalisation of specific terms and a detailed implementation timeline by the first half of 2026. • Targeted restoration of full public float by the end of the third quarter of 2026.

Management is actively engaging financial advisers, potential placees and other stakeholders. Concurrently, the board is assessing the proposed financial adviser’s capability and evaluating alternative measures, such as share disposals by core connected persons, to expedite compliance.

In line with Rule 13.32E(2)(a), Sundart will continue to publish monthly updates until the public-float requirement is met. Shareholders are urged to exercise caution when trading the company’s shares.

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