Liaoning Port's Public Float Falls Below Requirement, Exchange Grants Transition Period

Stock News
04/02

Liaoning Port (02880) announced that, as of the date of this announcement, the market value of its H shares held by the public and listed on the Stock Exchange is approximately HKD 796 million. These H shares represent about 3.67% of the total issued shares of their class (excluding treasury shares), which remains below the minimum public float requirement stipulated in Listing Rule 19A.28B(2). The company has maintained communication with its shareholders and engaged professional advisors to actively explore feasible solutions to comply with the minimum public float requirement as soon as possible. Liaoning Port has consulted the Stock Exchange regarding its non-compliance. The Exchange has agreed to a temporary transition period arrangement for the company to restore its public float to the required level, provided that the company actively seeks viable solutions to meet the requirement promptly during this transition period.

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