Shandong Hi-Speed New Energy Group Limited has announced that it has been granted an extension of a waiver from strict compliance with the minimum public float requirement by the Hong Kong Stock Exchange. The extension period is from 18 May 2025 to 17 August 2025. This decision comes in light of recent market volatility and economic uncertainties, which have impacted the company's ability to maintain the required public float of 25%. The extension allows the company additional time to secure potential placees for a planned Placing, aiming to protect shareholder interests by setting the placing price not lower than the Share Offer Price. The Stock Exchange may reconsider the waiver if the company's circumstances change.
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