APT ELECTRONICS (02551) announced that on September 29, 2025, the company received notification from its controlling shareholder group and senior management regarding their intention to increase holdings in the company's H-shares. Based on their optimistic outlook for the group's future development prospects, confidence in the group's continued, stable and healthy growth, and full recognition of the group's long-term investment value, the controlling shareholder group and management plan to increase their holdings of the company's H-shares through open market transactions within three months from the date of this announcement.
In accordance with the minimum public float requirements under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (Listing Rules), and to ensure the company continues to comply with relevant regulatory requirements, the controlling shareholder group and management plan to increase their H-share holdings by no more than 5 million shares in total under this share increase plan.
As of the announcement date, the controlling shareholder group holds interests in an aggregate of 63.5248 million H-shares and 171 million domestic shares, representing approximately 43.72% of the company's total issued shares. According to the controlling shareholder group's intentions, upon implementation of this share increase plan, the controlling shareholder group's total shareholding in the company is expected not to trigger mandatory offer obligations under Rule 26 of the Codes on Takeovers and Mergers regarding controlling shareholders of Hong Kong listed companies holding between 30% and 50% of equity within any 12-month period (meaning it will not increase their total shareholding by more than 2% above their lowest holding level in the twelve months prior to the proposed acquisition).
Based on information available to the company and to the board's knowledge, it is expected that upon completion of this share increase plan, the company will still be able to comply with the minimum public float percentage requirements under Rule 8.08 of the Listing Rules.
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