SAIMO Technology (02571) Public Float Remains Below Minimum Threshold at Approximately 22.58%

Stock News11-04

SAIMO Technology (02571) has announced that, as of the date of this announcement, the company has submitted a filing application to the China Securities Regulatory Commission (CSRC) for the implementation of full circulation of H shares, and has not yet received any feedback or filing notice from the CSRC.

The company will promptly respond to any questions raised by the CSRC regarding the H-share full circulation filing documents and their attachments, if any, and will make further announcements in due course regarding the progress of the H-share full circulation and the conversion and listing.

As of the date of this announcement, the company's public float is approximately 22.58%, which remains below the minimum percentage of 25% as required under Rule 19A.28B(1)(a) of the Listing Rules.

The company will use its best efforts to restore its public float on or before February 28, 2027. The company is implementing its public float restoration plan in accordance with the expected timetable set out in its announcement dated October 7, 2026.

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