Beijing Saimo Technology Co., Ltd. (SAIMO) has submitted its filing application to the China Securities Regulatory Commission (CSRC) for the implementation of the H-Share Full Circulation Scheme, a critical step toward increasing market liquidity and resolving its public-float shortfall.

As of 8 April 2026, SAIMO’s public float stands at 22.58%, below the 25% minimum stipulated by Hong Kong Listing Rule 19A.28B(1)(a). The company plans to lift the percentage back to compliance on or before 8 July 2026.

Key milestones in the updated timetable include:

• 29 April 2026 – Obtain CSRC approval for full circulation. • On or before 29 May 2026 – Deregister shares with China Securities Depository and Clearing Corporation Shenzhen Branch; submit conversion application to the Hong Kong Stock Exchange; and register share status with the Hong Kong share registrar. • On or before 28 June 2026 – Participating shareholders open H-share securities accounts and submit domestic share-holding details to the CSDC Shenzhen Branch. • On or before 8 July 2026 – Complete overseas custody, receive maintenance completion certificate, list converted shares in Hong Kong, and restore public float to the required threshold.

Background on public-float shortfall: The float first dipped below 25% on 21 October 2025 and settled at 22.58% on 30 October 2025 after shares held by trustees under the 2025 H-Share Award Trust Scheme were reclassified as non-public following recent Listing Rule updates.

Remedial governance measures already adopted include director training on regulatory changes, monthly monitoring of disclosures and registrar data, and quarterly declarations of shareholdings by directors and supervisors.

SAIMO will issue monthly updates until the public float fully complies with Listing Rule requirements. Shareholders and investors are advised to exercise caution when trading the company’s securities.