Zhongkang Technology Holdings (02361) plans to further increase its public shareholding through various channels

Zhitong Finance App News, Zhongkang Technology Holdings (02361) issued an announcement. Considering strategic developments and market conditions, the company plans to further increase its public shareholding through various channels. Specific plans include: (a) completing equity financing to expand the company's share capital; and/or (b) actively communicating with major shareholders to discuss arrangements for major shareholders to sell part of their shares to an independent third party to restore the company's public shareholding.

On the one hand, the Company will actively seek suitable placement agents and other relevant service providers. On the other hand, it will also communicate with the Company's major shareholders and potential investors to advance the implementation of the above plan. Given the volatile nature of capital markets, the process of approaching potential investors, negotiating terms of the deal, and obtaining the necessary approvals will take some time. The Company anticipates that public shareholding will be increased by no less than 8 percentage points by the end of June 2027 through the plans set out in subparagraph (a) and/or (b) above.

Based on the Company's overall plan to restore public shareholding as set out in subparagraphs (i), (ii), (a) and (b) above, the Company expects to meet the initial designated threshold stipulated in section 13.32B (1) of the Listing Rules by the end of June 2027.

As long as the Company has not complied with section 13.32B of the Listing Rules, the Company will continue to: (i) provide regular updates on the public shareholding status and the public shareholding recovery plan. The Company will publish monthly announcements in accordance with the listing rules until the Company's public shareholding capacity is restored, so that the Company's shareholders and the market can understand the progress of the public shareholding recovery plan; and (ii) comply with the other requirements of section 13.32E of the Listing Rules.