CITY COOLXUAN (08050): Restore minimum public shareholding.

CITY COOLXUAN (08050) issued a notice that the company recently received a notice from the offeror, on February 3, 2026, the offeror transferred a total of 24 million shares to four independent third-party individual investors (investors), accounting for approximately 8.85% of the total issued share capital of the company on the date of this announcement, with each investor receiving 6 million shares from the offeror (share transfer). The share transfer was completed on February 3, 2026. The board of directors is of the knowledge, belief, and confirmation that after the completion of the share transfer, no investor holds 5% or more of the total issued share capital of the company, and they also do not become a major shareholder of the company. Due to the share transfer, the number of shares held by the offeror has decreased from 224 million shares (approximately 82.75% of the total issued share capital of the company as of the date of this announcement) to 200.5 million shares (approximately 73.90% of the total issued share capital of the company as of the date of this announcement). Therefore, as of the date of this announcement, 71.82 million shares (approximately 26.07% of the total issued share capital of the company as of the date of this announcement) are held by the public (as defined in the GEM Listing Rules). As a result, the company has restored the minimum public shareholding of 25% of the total issued share capital as required by Rule 17.37B of the GEM Listing Rules.