SDHG (00412) responds to the concentration of equity, stating that the company is able to comply with the regulations on public shareholding requirements.

SDHG (00412) announces that the company has noticed that the Securities and Futures Commission (SFC) has issued a public announcement on September 18, 2025 (SFC Announcement). As disclosed in the SFC Announcement, the SFC recently conducted an inquiry into the company's shareholding structure. The inquiry results from the SFC showed that as of September 1, 2025, twenty shareholders collectively held 1.445 billion shares of the company, representing 24.00% of the issued shares. Together with the 4.121 billion shares (68.46% of the issued shares) held by the two major shareholders of the company, the total shareholding accounted for 92.46% of the issued shares. Therefore, only 0.454 billion shares (7.54% of the issued shares) were held by other shareholders. As stated in the SFC Announcement: (i) the closing price of the shares rose by 193.6% from HK$5.82 on April 16, 2025, to HK$17.09 on September 1, 2025. (ii) On September 17, 2025, the share price closed at HK$14.80, which is 154.3% higher than the closing price of HK$5.82 on April 16, 2025. The board of directors of the company hereby clarifies that the above information was extracted from the SFC Announcement, and the company has not independently verified such information. However, (a) the shares held indirectly through Shandong Hi-speed Group Limited by Shandong International (Hong Kong) Limited are based on the latest available interests disclosure notice submitted in accordance with the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); and (b) excluding the information in the preceding paragraphs (i) and (ii). Based on the information obtained and to the best of the directors' knowledge after making all reasonable inquiries, the company confirms that as of September 1, 2025, and the date of this announcement, at least 25% of the 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.