ContiOcean reports public float at 22.73%, targets full compliance by August 2027

Bulletin Express

04/09

ContiOcean Environment Tech Group Co., Ltd. released its latest monthly update under Rule 19A.28E(2)(a) of the Hong Kong Listing Rules, confirming that the company’s public float stands at approximately 22.73%, below the mandatory 25% minimum stipulated by Rule 19A.28B(1)(a).

ContiOcean has already submitted a filing application for H-Share Full Circulation to the China Securities Regulatory Commission (CSRC) and will address any follow-up queries from the regulator. Management reiterated that the previously disclosed restoration timetable remains on track, with targeted compliance before the end of August 2027.

Until the float shortfall is fully rectified, ContiOcean will continue issuing monthly status reports, as required by the Listing Rules. The board advises shareholders and potential investors to exercise caution when trading the company’s securities.

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