Summary by Futu AI
China Grain Packaging Holdings Limited (the “Company”) issued a notice on 27 May 2024 updating the status of its public shareholding. According to the announcement, the Company's public shareholding increased from approximately 21.74% to approximately 23.02% from 12 December 2023, but is still below the minimum 25% specified in Section 8.08 of the Hong Kong Listing Rules. This increase in shareholding is mainly due to the resignation of Mr. Zhang Xin as Executive Director and Chairman on 10 May 2024, and his holdings are therefore included in the public shareholding. At the same time, Mr. Qu Hung Liang was appointed as an Executive Director and his holdings are no longer included in the public shareholding. At present, China Food Group holds approximately 29.70% of the shares in the Company, Mr. Zhou Yunjee holds approximately 24.40%, and the shareholding ratio of the public shareholders is 23.02%. The company said it was considering alternatives to restore to the minimum required public shareholding as soon as possible and that further announcements would be made in due course.