Liaogang Group (02880): still below the minimum public shareholding requirement.

Wisdom Financial News APP, Liaogang Group (02880) announced that as of the date of this announcement, the market value of the company's H shares listed on the Hong Kong Stock Exchange and held by the public is approximately HK$775 million, accounting for approximately 3.67% of the total number of issued shares in the category to which the H shares of the company belong (excluding treasury shares), still below the minimum public shareholding requirement as provided in Listing Rule 19A.28B(2). The company has been actively seeking feasible solutions to meet the minimum public shareholding requirement as soon as possible. The company has been exploring new potential paths while assessing the feasibility of previous solutions. Specifically, the company's measures include, but are not limited to, ongoing communication with the company's major H shareholders - Lico International Limited, Broadford International Limited, and Dalian Port Group Limited, discussing capital market conditions, the company's stock price performance, and market practices, as well as contacting securities firms and legal advisors for discussions on capital market conditions, relevant domestic and foreign laws and regulations, and policies related to share issuance, repurchase, and cancellation.