Smart-Core Holdings Limited (SMART-CORE) has disclosed a shortfall in its public float after reconciling the shareholdings of its trustee for the April 2026 share-award scheme.

Clarified trustee position • Futu Trustee Limited holds 36.31 million shares. • Of these, 26.98 million shares (5.52% of current issued capital) remain unawarded; funding was provided by the Group, so the block is not counted as public under Listing Rule 8.24. • The adjustment lowers shares deemed in public hands to 100.70 million, or 20.61% of the 488.68 million total issued shares—below the 25% minimum required by Rule 8.08.

Placing to restore compliance • A placing agreement announced on 22 June 2026 will issue 97.74 million new shares to independent third-party placees. • On completion, issued capital will expand to 586.42 million shares; public float will rise to 198.44 million shares, or 33.84%. • The long-stop date for the placing is 13 July 2026, and completion is expected within three business days after all conditions are met. • The company will refrain from any action that could further dilute the public float before compliance is restored.

Post-placing share structure (selected holders) • Smart IC Ltd. (Chairman Tian Weidong): 262.50 million shares, 44.76% post-placing. • INSIGHT Ltd.: 52.50 million shares, 8.95%. • Executive Director Liu Hongbing: 37.50 million shares, 6.40%. • Public shareholders (including placees): 198.44 million shares, 33.84%.

Operational status SMART-CORE reports that business operations remain normal. The board will continue to monitor float levels and provide further updates in accordance with Hong Kong Listing Rules.

Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.