Group 1 - The company, Huan Da Fu Holdings (01348), announced that the Hong Kong Stock Exchange granted an extension for compliance with the minimum public float requirement [1] - The extension period is from January 29, 2026, to March 29, 2026 [1] - The exemption will only take effect after the details and reasons for the exemption are disclosed through the announcement [1]

Group 1 - The core point of the announcement is that Tian Ge Interactive (01980) clarifies the status of 500,000 shares held by Xinshow Limited, which will be used to satisfy unvested share awards for an employee under the 2024 share plan [1] - As of the announcement date, the offeror has received 9 valid acceptances for a total of 121 million offer shares, representing approximately 10.92% of the company's total issued share capital [1] - The public shareholders collectively hold 231 million shares, accounting for about 20.85% of the total issued share capital, which is below the minimum public float requirement of 25% as per listing rules [1] Group 2 - The company has applied to the Stock Exchange for a waiver from strict compliance with the public float requirement for a period of five months, from January 8, 2026, to June 8, 2026 [2] - To restore the public float, the company plans to issue new shares under a general mandate at the upcoming annual general meeting on June 20, 2025, and grant awards to certain employee participants under the 2024 share plan [2] - The company may also communicate with its major shareholders to explore their willingness to reduce their holdings to meet the public float obligation [2]

Core Viewpoint - The company has applied for a temporary exemption from the minimum public float requirement due to its public shareholding being below the stipulated 25% as per GEM listing rules [1] Group 1: Public Shareholding Status - As of the announcement date, only 233.6 million shares (equivalent to 46.7182 million consolidated shares post the share consolidation effective on December 8, 2025) are held by the public, representing approximately 17.22% of the company's total issued share capital [1] - The public shareholding is below the minimum requirement of 25% as mandated by GEM listing rules [1] Group 2: Exemption Application - The company has applied to the Stock Exchange for a temporary exemption from strict compliance with the minimum public float requirement [1] - The Stock Exchange granted the exemption, which is effective from October 13, 2025, to January 15, 2026 [1] Group 3: Shareholder Notification - The company has received notification from the offeror (the controlling shareholder) regarding the need for additional time to find buyers for the excess shares held by the offeror [1] - The offeror holds rights to 224 million consolidated shares, which is approximately 82.75% of the company's total issued share capital as of the announcement date [1]