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BLUE MOON GROUP (06993) Adopts Lower Alternative Public Float Threshold

Stock News01-08

BLUE MOON GROUP (06993) announced that, in accordance with Listing Rule 13.32B, shares listed on The Stock Exchange of Hong Kong Limited must maintain a public market. This generally means that, at all times, the portion of a listed share class held by the public must be: (1) at least 25% of the total issued shares of that class by the issuer (excluding treasury shares), or any lower minimum percentage specified at the time of listing under Rule 8.08(1) (the initial designated threshold); or (2) alternatively, (a) achieve a market capitalization of at least HKD 10 billion; and (b) constitute at least 10% of the total issued shares of that class by the issuer (excluding treasury shares) (the alternative threshold). Effective January 1, 2026, the Company has elected to adopt the alternative threshold to comply with Listing Rule 13.32B, thereby providing greater flexibility for the Group to undertake corporate transactions, capital management, and employee and management share incentive schemes. As of January 8, 2025, the last practicable date prior to the issuance of this announcement, the market capitalization of the Company's public float (calculated under Listing Rule 13.32A(3)) was HKD 4.070 billion, which is not less than HKD 10 billion, and the public float percentage on the last practicable date was approximately 20.21% of the Company's total issued shares. Consequently, the Company meets the requirements of the alternative threshold under Listing Rule 13.32B(2).

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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