Allan Int’l Reports Public Float at 24.04%, Aims to Reach 25% Threshold Within Six Months

Bulletin Express
Apr 08

Allan International Holdings Limited (Allan Int’l) announced that, as of 8 April 2026, shares in public hands stand at 24.04 % of the company’s 333.05 million issued shares—below the 25 % minimum required under Hong Kong Listing Rule 13.32B.

Management Update • The board is working with a financial adviser and evaluating service-provider options to devise a detailed restoration strategy. • Target timeline: within six months from 8 April 2026, subject to market conditions, board approval and regulatory clearance. • While non-compliance persists, Allan Int’l will publish monthly progress reports and meet all obligations under Listing Rule 13.32E.

Current Shareholding Snapshot • Conyers Trust Services (BVI) Ltd. (on behalf of the controlling Cheung family trusts) holds 154.35 million shares, representing 46.34 %. • Executive director Mr. Cheung Shu Wan owns 46.78 million shares (14.05 %). • Other Cheung family members and related parties collectively hold 7.76 million shares (2.33 %). • Mr. and Ms. Webb, via wholly-owned vehicles, own 44.09 million shares (13.24 %). • Public shareholders hold 80.08 million shares (24.04 %), representing the shortfall to the required 25 % free-float level.

Next Steps The company will continue to disclose monthly updates until compliance is achieved and has committed to finalising and executing remedial measures—potentially including share placement or other capital-markets actions—within the stated six-month window.

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