FIT HON TENG (06088): Public Float Stands at Approximately 20.43%

Stock News01-30

FIT HON TENG (06088) announced that, effective January 1, 2026, the company has opted to use an alternative threshold instead of the initial designated threshold to comply with the minimum public float requirement stipulated in Rule 13.32B of the Listing Rules. Following the amendment to the definition of "public" under Rule 8.24 of the Listing Rules, which took effect on August 4, 2025, all unvested shares held by the trustee for eligible participants under the company's restricted share award plan—who are neither (i) core connected persons of the company, nor (ii) considered "public" members under Rule 8.24—are no longer classified as shares held by the public. Consequently, when calculated according to the amended Listing Rules, the company's public float percentage fell below the applicable initial designated threshold of 20.48%, standing at approximately 20.43% as of January 1, 2026. The company believes that adopting the alternative threshold offers greater flexibility in managing its first restricted share award plan and in adapting to regulatory changes that impact its public float.

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