ACESO LIFE SCI (00474) responds to the highly concentrated equity ownership, stating that the company is able to comply with the regulations on public shareholding.

date
22:30 13/01/2026
avatar
GMT Eight
Xinming Life Technology (00474) announced that the company has noticed the announcement issued by the Securities and Futures Commission (SFC) on January 13, 2026 (SFC Announcement).
ACESO LIFE SCI (00474) announces that the company has noticed the announcement issued by the Securities and Futures Commission ("SFC") on 13 January 2026 (SFC Announcement). As disclosed in the SFC Announcement, the SFC recently made inquiries regarding the shareholding distribution of the company. The inquiry results showed that as of 31 December 2025, twenty shareholders and their related parties collectively held 1.387 billion shares, equivalent to 18.79% of the issued shares. These shares, together with the 5.31 billion shares held by three major shareholders (accounting for 71.94% of the issued shares), amounted to 90.73% of the issued shares. Therefore, only 684 million shares (9.27% of the issued shares) were held by other shareholders. As stated in the SFC Announcement: (i) the closing price of the shares rose by 489% from 0.019 Hong Kong dollars on 10 September 2025 to 0.112 Hong Kong dollars on 31 December 2025. (ii) On 12 January 2026, the share price closed at 0.118 Hong Kong dollars, which is 521% higher than the closing price of 0.019 Hong Kong dollars on 10 September 2025. The Board of Directors of the company hereby clarifies that the above information is extracted from the SFC Announcement, and other than the information provided in paragraphs (i) and (ii) above, the company has not independently verified the information. For more details, please refer to the SFC Announcement. Based on the available information and after conducting all reasonable inquiries, the company confirms that as of 31 December 2025 and the date of this announcement, no less than 25% of the issued shares of the company are held by the public, and the company is able to comply with the public shareholding requirements under the rules of the Stock Exchange.