SUNEVISION (01686): A total of 1.719 billion new fully paid shares have been issued and allotted to the SHK PPT group

SUNEVISION (01686) announces that, as of the date of this announcement (i.e., the conversion date), a total of 1,719,427,500 new fully paid shares have been issued and allotted to the SHK PPT group. Upon completion of the conversion, as of the date of this announcement, the SHK PPT group holds 3,450,150,000 shares (representing approximately 84.4736% of the total number of issued shares), other core connected persons of the Company hold 17,273,658 shares (representing approximately 0.4229% of the total number of issued shares), and the public holds 616,868,675 shares (representing approximately 15.1034% of the total number of issued shares). Based on the volume-weighted average price of the shares of HK$5.4021 per share for the 125 trading days immediately preceding the date of this announcement, as of the date of this announcement, the market value of the shares held by the public is approximately HK$3,332,386,269, while the market value of 10% of the total number of issued shares is approximately HK$2,206,375,561. Accordingly, the Company has, on the conversion date, complied with the alternative threshold under Rule 13.32B of the Listing Rules. From the date of this announcement, the Company will adopt the 10% alternative threshold instead of the 25% initial prescribed threshold to comply with the minimum public float requirement under Rule 13.32B of the Listing Rules.