SUNDART HOLDINGS LIMITED (1568) Announces Public Float Update

Bulletin Express03-03

SUNDART HOLDINGS LIMITED (1568) released an update on 3 March 2026 regarding its public float status, which stands at 24.26%. The level remains below the 25.00% minimum public float requirement under the Listing Rules.

According to the latest shareholding structure, REACH GLORY INTERNATIONAL LIMITED holds 59.38% of the total issued shares, Caiyun International Investment Limited holds 16.36%, and a core connected person holds 0.00%. The remaining 24.26% is held by public investors.

The board is considering issuing new shares to independent investors to restore the public float to the required level. Discussions with financial advisors, potential placees, and relevant parties are expected to commence soon. A detailed restoration plan, including key milestones, is anticipated to be finalized and announced within the first half of 2026. The target is to achieve full restoration of the public float before the end of the third quarter of 2026, subject to board approval, regulatory clearances, and market conditions.

Further announcements detailing the plan and any significant developments will be made as soon as practicable. Monthly updates will also be released to inform shareholders and the market of progress toward meeting the public float requirement.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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