Hong Kong Securities and Futures Commission: High concentration of equity ownership in CARLINK TECH (02531)

CARLINK TECH (02531) announced that the China Securities Regulatory Commission recently conducted an investigation into the company's equity distribution. The investigation results showed that as of January 2, 2025, there were 20 shareholders, including 3 executive directors of the company, who collectively held 348 million shares of the company, equivalent to 94.94% of the company's issued share capital. Therefore, only 18.5595 million shares (5.06% of the issued shares) were held by other shareholders. The company's shares were listed on the Main Board of the Hong Kong Stock Exchange on July 15, 2024, at a price of HK$4.70 per share. From July 15, 2024, to January 2, 2025, the company's shares rose from the listing price of HK$4.70 to a closing price of HK$27.0 on January 2, 2025, representing a 474% increase. As of January 14, 2025, the company's shares closed at HK$29.70, an increase of 532% from the listing price of HK$4.70.