SAIMO Announces Public Float at Approximately 22.58%

Stock News07-03

SAIMO (ASX: 02571) has issued a statement regarding its current public shareholding level. As of the date of the announcement, the company's public float stands at approximately 22.58%.

This figure remains below the minimum threshold of 25% stipulated under Rule 19A.28B(1)(a) of the Listing Rules.

The process for the full circulation of H shares is still undergoing filing procedures with the China Securities Regulatory Commission. Considering the time required for the CSRC to review and approve the filing application, the company anticipates that the timeline for restoring the public shareholding percentage may need to be extended by approximately three months.

Consequently, the company is committed to making its best efforts to restore the public float on or before November 30, 2026.

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