Dida Inc. Faces Significant Public-Float Shortfall; HKEX Sets 20 Feb 2028 Re-Compliance Deadline

Bulletin Express
08/21

Hong Kong, 21 Aug 2026 — Dida Inc. disclosed that its public float has fallen to 11.26%, well below the 25% threshold stipulated in Rule 13.32B of the Listing Rules, triggering a “Significant Public Float Shortfall” under Rule 13.32F.

Immediately after the close of the recent share offer led by eLong, Inc. and Tongcheng Travel Holdings Ltd., the offeror group—together with parties acting in concert—held 910.76 million shares, or 88.74% of the company’s 1.03 billion issued shares. Public shareholders retained only 115.53 million shares, equivalent to 11.26% of the total, with a market value below HK$500 million.

Because the float remains under both the standard 25% requirement and the alternative HK$500 million capitalization threshold, the Stock Exchange of Hong Kong has warned that Dida Inc.’s listing will be cancelled if compliance is not restored by 20 Feb 2028, as set out in Rule 13.32G(3).

Dida Inc.’s board and the offeror have committed to formulating a restoration plan “as soon as practicable.” Specific measures will be released in a separate announcement, and the company has pledged not to undertake any action that would further reduce the public float while non-compliance persists.

The board currently comprises nine directors, with Chairman and CEO Song Zhongjie leading the executive team.

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