SUNDART HOLDINGS LIMITED (承達集團有限公司, Stock Code: 1568) released an announcement indicating that its public float has stood at approximately 24.26% since 9 December 2020, falling below the 25% requirement mandated under Rule 8.08(1) of the Listing Rules. According to the company, this shortfall resulted from a purchase of shares by its controlling shareholder, REACH GLORY INTERNATIONAL LIMITED, amounting to 0.83% of the then issued shares on 9 December 2020.

As outlined in the announcement, the shares held by the public represent a market capitalization of around HK$434.5 million, based on a closing price of HK$0.83 per share on 6 February 2026. Currently, REACH GLORY INTERNATIONAL LIMITED holds about 59.38% of the total issued shares, while public shareholders hold around 24.26%. The company is considering various measures, including potential disposals by core connected persons, to restore its public float to the 25% threshold.

In addition, the company explained precautionary steps it has taken to monitor any share purchases by directors and related parties, alongside regular reviews of disclosure-of-interests forms and monthly reports from its share registrar. Further information on the company’s plan will be released in subsequent announcements. Shareholders and potential investors are advised to exercise caution when dealing in the shares.