The Securities and Futures Commission flagged a high shareholding concentration in Zhong An Intelligent Living Service as at 27 August 2025. Subsequent transactions have expanded the shareholder base and reduced the controlling interest of Zhong An Group Limited.

On 31 August 2025, Zhong An Group placed 11.20 million existing shares at HK$3.53 per share to not fewer than six placees, equal to 2.17% of the issued capital at that time.

A second placement on 9 February 2026 introduced 25.45 million new shares at HK$1.52 per share, also to not fewer than six placees, corresponding to 4.69% of the enlarged share capital.

Following both deals, Zhong An Group’s stake declined from 73.44% to 67.94%. The board states that these transactions have broadened the shareholder base and mitigated the concentration highlighted by the SFC.