Lai Fung Holdings Limited (the “Company”) issued an announcement providing an update on its public float status. The Company’s public float fell below the required threshold on 30 May 2022 after certain shareholders (the “YUs”) increased their aggregate holdings to approximately 10.02%. This caused a reduction in the Company’s public float from about 24.77% to around 14.75%. Consequently, trading in the Company’s shares was suspended on 1 June 2022 and resumed on 11 November 2022.

Since the trading suspension, the Company explored possible solutions, including potential share disposals by its controlling shareholder, Lai Sun Development Company Limited (“LSD”), and other core connected persons (including the YUs). It also engaged financial advisors to consider methods such as the issuance of new shares or a rights issue. However, these measures have yet to fully address the public float shortfall.

The latest data as of the date of this announcement show LSD holding approximately 55.08% of the total issued shares, the YUs holding about 10.02%, CapitaLand LF (Cayman) Holdings Co., Ltd. holding around 19.45%, other connected persons at approximately 0.70%, and public shareholders at around 14.76%.

The Company states it remains committed to restoring its public float as soon as practicable. Regular announcements will be made on a monthly basis, and discussions with relevant parties will continue until the public float is restored in accordance with the applicable listing rules.