According to Zhitong Finance App, Yaogao Holdings (01796) issued an announcement. The company was informed by the offender that in order to restore the company's public shareholding to the minimum 25% requirement under section 8.08 (1) (a) of the listing rules, on February 7, 2024, the offeror had directly sold the relevant 316,000 offered shares on the market (accounting for about 0.07% of the total number of shares issued on the date of this announcement). As far as the Company has made all reasonable inquiries, it is known, known and satisfied that the buyer concerned and the associated ultimate beneficial owner are independent of the Company and are not related persons of the Company.

Following the completion of the sale, the public (as defined in the Listing Rules) will hold 120 million shares, accounting for 25% of the total number of issued shares. Therefore, once the sale is completed, the minimum 25% public shareholding requirement under section 8.08 (1) (a) of the Listing Rules will be reinstated.