Zitong Financial App NewsletterHaixin Group (01850)It is announced that immediately after the closing of the offer, after the transfer of the accepted shares has been duly registered by the transfer Registry, approximately 200 million shares (representing approximately 25.00% and slightly less than that proportion of the total issued share capital of the company as at the date of the announcement) are held by the public (as defined in the listing rules). Therefore, it does not meet the minimum public shareholding requirement of 25% as set out in Rule 8.08 (1) (a) of the listing rules.

After the closing of the offer, taking into account, among other things, the time required to restore the minimum public shareholding by the joint offeror by appointing settled securities as the placing agent to sell all accepted shares directly in the market to ensure compliance with the public shareholding requirements under the listing rules. The company has applied to the Stock Exchange for temporary exemption from Rule 8.08 (1) (a) of the listing rules from 11 October 2021 to 21 October 2021 (both days inclusive) (the "exemption period").

On 18 October 2021, the Stock Exchange granted an exemption to the company during the exemption period.