TIANGE's Public Float Stands at Approximately 20.85%

Stock News
03/06

TIANGE (01980) announced that as of the date of this announcement, the company's public float is approximately 20.85%, which remains below the minimum public float requirement stipulated in Rule 13.32B(1) of the Listing Rules. Given that the offer period for a partial tender offer is still ongoing, the Board of Directors is prohibited from taking remedial action before the conclusion of this period under Rule 4 of the Takeovers Code. The Board reaffirms its commitment to restoring the company's public float in accordance with Listing Rule 13.32B. It will continue to monitor the status of the partial offer and intends to take appropriate steps to reinstate the public float as soon as reasonably practicable after the offer concludes.

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