Core Viewpoint - The company has successfully restored its minimum public float requirement by selling a total of 4.39 million shares, which represents approximately 0.37% of the total issued shares, thereby ensuring that 300 million shares are held by the public, equating to 25% of the total issued shares [1] Group 1 - The company announced that it has regained compliance with the minimum public float requirement as stipulated in Listing Rule 13.32B [1] - The sale of shares was conducted through a placement agent to independent third parties [1] - Following this transaction, the total number of shares held by the public is now 300 million, which meets the regulatory requirement [1]

Core 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]

香港交易及結算所有限公司、香港聯合交易所有限公司（「聯交所」）及香港中央結算有限公司 （「香港結算」）對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表 示不會就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 本公告不會直接或間接於或向美國（包括美國的領土及屬地、美國任何州以及哥倫比亞特區或 任何其他法律禁止此類發佈的司法管轄區內）發佈、刊發或派發。本公告並不構成亦不屬於在 美國境內或於任何其他司法管轄區購買或認購證券的任何要約或招攬的一部分。本公告所述證 券並無亦不會根據《1933年美國證券法》（經不時修訂）（「美國證券法」）或美國任何州或其他司 法管轄區的證券法登記。證券不得在美國境內提呈發售、出售、質押或以其他方式轉讓，惟根 據美國證券法的登記規定及任何適用州證券法獲豁免者除外，或除非符合美國證券法項下的S 規例，否則不得於美國境外提呈發售、出售、質押或以其他方式轉讓。證券不會在美國公開發 售。 本公告僅作說明用途，並不構成收購、購買或認購任何證券的邀請或要約。本公告並非招股章 程。有意投資者於決定是否投資於發售股份前應閱覽招股章程，以獲得有關下文所述 ...

Core Viewpoint - Guorui Life (00108) has acknowledged the announcement from the Securities and Futures Commission (SFC) regarding the company's shareholding distribution, indicating a significant concentration of shares among a few shareholders [1][5]. Group 1: Shareholding Structure - As of December 9, 2025, ten shareholders and their related parties collectively held 548 million shares, representing 17.02% of the issued shares [1][5]. - An additional 430 million shares, accounting for 13.36% of the issued shares, were held by shareholders who acquired them directly or indirectly from Guorui International Investment (Hong Kong) Limited through over-the-counter transactions [1][5]. - The total shares held by the two main shareholders and those deemed to have interests in them amounted to 1.953 billion shares, which is 60.66% of the issued shares, leading to a total of 91.04% of the shares being held by these parties [1][5]. Group 2: Public Shareholding Compliance - Only 288.6 million shares, or 8.96% of the issued shares, are held by other shareholders, indicating a high concentration of ownership [1][5]. - In response to the SFC's announcement, the board confirmed that at least 25% of the company's issued shares are held by the public, thus complying with the listing rules of the Stock Exchange [2][6]. - The board also clarified that the ten shareholders and their related parties are independent third parties and not connected persons of the company [2][6].

Core Viewpoint - The company, Guorui Life (00108), has acknowledged the announcement from the Securities and Futures Commission (SFC) regarding its shareholding distribution, revealing significant ownership concentration among a few shareholders [1][2] Group 1: Shareholding Structure - As of December 9, 2025, ten shareholders and their related parties collectively held 548 million shares, representing 17.02% of the total issued shares [1] - An additional 430 million shares, accounting for 13.36% of the total issued shares, were held by shareholders who acquired them directly or indirectly from Hongrui International Investment (Hong Kong) Limited [1] - The combined holdings of these shareholders and the two major shareholders amount to 1.953 billion shares, which is 60.66% of the total issued shares, leading to a total of 91.04% of shares held by these parties [1] Group 2: Compliance and Independent Shareholders - The company confirmed that the ten shareholders holding 548 million shares are independent third parties and not related to the company or its connected persons [2] - Hongrui International Investment (Hong Kong) Limited entered into a placement agreement on October 27, 2025, for the placement of 430 million shares, which was completed on November 14, 2025, with 21 independent third-party subscribers [2] - The company verified that at least 25% of its issued shares are held by the public, ensuring compliance with the public float requirements set by the Stock Exchange [2]

Core Viewpoint - The company acknowledges the Securities and Futures Commission's announcement regarding its shareholding distribution, indicating a significant concentration of H shares among a small number of shareholders [1] Summary by Relevant Sections Shareholding Distribution - As of November 18, 2025, ten shareholders collectively held approximately 546 million H shares, representing 98.90% of the company's issued H share capital [1] - Only 6.0545 million H shares, accounting for 1.10% of the issued H share capital, are held by other investors [1] Compliance with Regulations - The company confirms that at least 25% of its issued shares are held by the public as of November 18, 2025, and on the date of the announcement, ensuring compliance with the public float requirements set by the Stock Exchange [1]

Core Viewpoint - Chow Tai Fook has completed the issuance of HKD 850 million convertible bonds, which can be converted into new ordinary shares, indicating a strategic move to enhance its capital structure and public shareholding [1] Group 1: Convertible Bonds Issuance - The company issued HKD 850 million convertible bonds with a maturity date in 2027 and an interest rate of 2.80% [1] - The bonds were completed on July 18, 2025, reflecting the company's ongoing efforts to optimize its financing options [1] Group 2: Share Issuance and Public Holding - On November 21, 2025, 5.9974 million shares were issued and allocated due to the conversion of the bonds, increasing the total number of shares held by public shareholders to 1.02 billion [1] - The public shareholding now represents 25.08% of the company's total issued share capital, which is above the minimum percentage required by listing rules [1]