ZG Group Issues 0.14 Million New Class A Shares in May 2026; Public Float Remains Adequate

Bulletin Express
Jun 02

ZG Group submitted its monthly return for the period ended 31 May 2026, disclosing minor changes to its share capital structure under Hong Kong’s weighted voting rights (WVR) regime.

Authorized Capital • Class A WVR ordinary shares: 1.70 billion authorized; par value USD 0.00005; unchanged from April. • Class B WVR ordinary shares: 0.30 billion authorized; par value USD 0.00005; unchanged. Total authorized share capital remains USD 0.10 million.

Issued Shares • Class A: 143,816 new shares were issued through the 2023 Pre-Listing Share Option Scheme, lifting the issued (non-treasury) total to 880.46 million. Treasury shares were unchanged at 0.46 million, leaving total issued Class A shares at 880.92 million. The monthly dilution equals approximately 0.02 %. • Class B: No movement; 190.95 million shares outstanding. ZG Group confirmed compliance with the 25 % minimum public-float requirement.

Equity Incentive & Potential Dilution • Share options outstanding fell to 15.33 million after the month’s exercises; 9.87 million additional shares remain available for future grants under the scheme. • Successor Company Warrants could deliver up to 19.26 million Class A shares (8.39 million listed warrants and 10.88 million promoter warrants) at a cashless exercise price of HKD 11.50 per share equivalent. • A Promoter Earn-out and Lock-up Agreement allows for a further 12.51 million Class A shares upon meeting specified conditions. No warrant or earn-out shares were issued during the month.

Capital Raised The option exercises generated HKD 0.01 million in cash proceeds.

Overall, May’s activity produced only a marginal increase in issued capital, leaving ZG Group’s authorized structure, treasury share position, and public-float ratio fundamentally unchanged.

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