According to the Zhitong Finance App, Chen Gang Technology (08131) announced that on November 22, 2023 and November 30, 2023, the offeror had sold a total of 1.46 million shares on the market, accounting for about 0.3% of the total number of shares issued.

Following the completion of the on-market sale, the offeror's equity in the company has been reduced from 357 million shares to 356 million shares, which is equivalent to 74.81% of the company's total issued share capital. As a result, the company has reinstated the 25.0% minimum public shareholding as stipulated in section 11.23 (7) of the GEM listing rules.