Zhongan Service (02271) responds to the concentration of equity, stating that the company is able to comply with the public shareholding requirements.

ZHONGAN SERVICE (02271) announced that the company has noticed the announcement issued by the Securities and Futures Commission (SFC) on September 10, 2025 (SFC Announcement). According to the SFC Announcement, the SFC recently conducted an inquiry into the shareholding distribution of the company. The inquiry results showed that as of August 27, 2025, 14 shareholders collectively held 120.5 million shares, equivalent to 23.29% of the issued shares. These shares, together with the 380 million shares held by the company's controlling shareholders (accounting for 73.44% of the issued shares), amounted to 96.73% of the issued shares. Therefore, only 16.9018 million shares (3.27% of the issued shares) were held by other shareholders. As disclosed in the SFC Announcement, (i) from July 18, 2025 to August 27, 2025, the closing price of the shares rose from 1.20 Hong Kong dollars on July 17, 2025 to 4.22 Hong Kong dollars on August 27, 2025, an increase of 252%. (ii) As of September 9, 2025, the share price closed at 4.82 Hong Kong dollars, a 302% increase from the closing price of 1.20 Hong Kong dollars on July 17, 2025. The board of directors of the company hereby clarifies that the above information is extracted from the SFC Announcement, and except for (a) the latest equity disclosure notice filed under Part XV of the Securities and Futures Ordinance Chapter 571 of Hong Kong legislation, held by Mr. Shi Zhong'an through All Good Management Limited, ZHONGAN GROUP Limited, and Zhongan Service Holdings Limited; and (b) the information in the preceding (i) to (ii) paragraphs, the company has not independently verified the information. For more details, please refer to the SFC Announcement. Based on available information and after conducting all reasonable inquiries with the directors, the company confirms that as of August 27, 2025, and the date of this announcement, at least 25% of the company's issued shares are held by the public, and the company is able to comply with the public shareholding requirements under the Listing Rules of the Stock Exchange.