ETS GROUP (08031): In order to restore the minimum public shareholding of the company, the offeror plans to sell off 15.866 million shares of the offered shares.

ETS GROUP (08031) announced that, as known by the directors, prior to the offer for sale and decrease in holdings, (i) the offeror, Mr. Xiao, and persons acting in concert with them collectively held 225,901,000 shares, representing approximately 76.41% of the total issued share capital of the Company; and (ii) the public shareholding of the Company was approximately 23.59%, which was below the minimum percentage of 25% as stated in Rule 17.37B(1) of the GEM Listing Rules and did not meet the alternative threshold set out in Rule 17.37B(2) of the GEM Listing Rules. Following the publication deadline, the Company has applied to the Stock Exchange for a temporary waiver to comply strictly with Rule 17.37B(1) of the GEM Listing Rules to restore the minimum public shareholding within a period of one month after the offer deadline (i.e., on or before April 20, 2026) (waiver period). On March 27, 2026, the Stock Exchange granted a waiver for the period from the deadline date (March 20, 2026) to April 20, 2026 (inclusive of both first and last day), subject to compliance with disclosure of the waiver as published in this announcement (including details and reasons). If there are any changes in the Company's situation, the Stock Exchange may revoke or amend the waiver. The Company was informed that, in order to restore the minimum public shareholding, on April 9, 2026, the offeror sold a total of 15,866,000 offer shares through a placement agent to an independent third party, representing approximately 5.37% of the total issued shares (placement decrease). Consequently, the corresponding 15,866,000 shares are now held by the public. Following the placement decrease and as of the date of this announcement, the total number of shares held by the public is 85,590,000 shares, representing 28.95% of the total issued shares. Therefore, the Company's minimum public shareholding has been restored to 25% of the total issued shares in accordance with Rule 17.37B(1) of the GEM Listing Rules.