Ge Long Hui·2026-01-15 11:36Core Viewpoint - Lixin Development (00488.HK) announced that major shareholders Yu Zhuoer and Yu Shaoyu have purchased a total of 60,660,000 shares, increasing their combined ownership to approximately 24.12% of the company's total issued share capital, which raises concerns about the public float below the required level [1] Group 1: Shareholder Transactions - Yu Zhuoer and Yu Shaoyu purchased 38,400,000 and 22,260,000 shares respectively, representing about 2.64% and 1.53% of the total issued share capital as of the announcement date [1] - Following these transactions, the total shares held by the Yu family reached 350,552,400, accounting for approximately 24.12% of the total issued share capital [1] Group 2: Public Float Concerns - Due to the Yu family's significant shareholding, their shares will not be counted towards the company's public float, which is now approximately 19.60%, below the 25% requirement set by the Hong Kong Stock Exchange [1] - The company is considering plans to restore the public float, including discussions with related parties about selling portions of their holdings [1] - The company anticipates restoring the public float within six months from the announcement date and will provide further details to shareholders in due course [1]