Core Viewpoint - The company has taken several actions to address concerns regarding high shareholding concentration, as noted by the Securities and Futures Commission (SFC), and believes these issues have been resolved as of August 4, 2025 [1][2] Group 1: Share Placement Agreements - On April 12, 2021, the company entered into a placement agreement with Sun International Securities Limited, resulting in the placement of 23.83 million new shares at a price of HKD 5 per share, representing approximately 7.66% of the enlarged issued share capital post-placement [1] - On October 2, 2024, the company entered into a placement agreement with Metaverse (International) Securities Limited, resulting in the placement of 62.2072 million new shares at a price of HKD 1.79 per share, representing approximately 16.67% of the enlarged issued share capital post-placement [1] - On January 24, 2025, the controlling shareholder entered into a placement agreement with Huatai Securities International Limited, resulting in the placement of 141.5 million shares at a price of HKD 0.65 per share, representing approximately 37.92% of the existing issued share capital post-placement [2] Group 2: Resolution of High Shareholding Concentration Concerns - The company believes that the concerns regarding high shareholding concentration raised by the SFC have been resolved, and past instances of high shareholding concentration from September 14, 2009, and March 17, 2014, should not be used as benchmarks for the current shareholding structure [2] - Based on analysis and available information as of August 4, 2025, the board is confident that high shareholding concentration no longer exists and that the shareholding is not concentrated among a limited number of shareholders [2]

Core Viewpoint - The company has taken several actions to address concerns regarding high shareholding concentration, as outlined in announcements made between 2021 and 2025 [1][2] Group 1: Share Placement Agreements - On April 12, 2021, the company entered into a placement agreement with Sun International Securities Limited, resulting in the placement of 23.83 million new shares at a price of HKD 5 per share, representing approximately 7.66% of the enlarged issued share capital post-placement [1] - On October 2, 2024, the company entered into a placement agreement with Metaverse (International) Securities Limited, resulting in the placement of 62.2072 million new shares at a price of HKD 1.79 per share, representing approximately 16.67% of the enlarged issued share capital post-placement [1] - On January 24, 2025, the controlling shareholder entered into a placement agreement with Huatai International Securities Limited, resulting in the placement of 141.5 million shares at a price of HKD 0.65 per share, representing approximately 37.92% of the existing issued share capital post-placement [2] Group 2: Resolution of Concerns - The company believes that the concerns regarding high shareholding concentration raised by the Securities and Futures Commission (SFC) have been resolved, and past instances of high shareholding concentration from September 14, 2009, and March 17, 2014, should not be used as benchmarks for the current shareholding structure [2] - Based on analysis and available information as of August 4, 2025, the board is confident that the high shareholding concentration previously noted no longer exists, and the shareholding is not concentrated among a limited number of shareholders as of that date [2]