On February 11, 2026, MS Concept Limited (Stock Code: 8447) announced that its public float fell below the 25% minimum prescribed by the GEM Listing Rules. The situation arose when an independent non-executive director acquired approximately 0.12% of the company’s issued share capital on August 24, 2020, reducing the publicly held shares to roughly 24.88%. This figure remained unchanged until discovered on February 11, 2026.

To resolve the shortfall, the independent non-executive director disposed of all acquired shares on February 11, 2026. The settlement process is expected to conclude by around February 16, 2026, at which point the public float should return to at least 25%. MS Concept Limited stated that a market for trading its shares continues to exist, supported by a market capitalization of approximately HK$10.70 million based on the closing price of HK$0.043 per share as of February 11, 2026.

In addition, the company announced a set of measures to prevent similar incidents, including stricter director-dealing clearance procedures, monthly reviews of shareholding structures, and updated training on compliance requirements. The board believes these steps will help maintain the required minimum float and ensure ongoing adherence to the GEM Listing Rules. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.