Quali-Smart Holdings Limited (1348) and Yael Capital Management Limited previously announced offers involving Quali-Smart Holdings Limited. After close of the offers on 29 January 2026, the public float stood at approximately 24.87%, below the 25% requirement under Rule 13.32B(1) of the Listing Rules. The alternative threshold under Rule 13.32B(2) remains unmet.
The company obtained a waiver from the Stock Exchange, covering the period from 29 January 2026 to 29 March 2026, to restore its public float to at least 25%. If a planned placing by Yael Capital Management Limited is not realized by the end of this period, a disposal of shares in the open market will be pursued to meet the requirement.
The company intends to monitor its public float level closely and issue monthly updates on progress toward meeting the minimum public float threshold.