The Securities and Futures Commission stated that it recently conducted an inquiry into the distribution of equity in Gofintech Innov (00290.HK). The inquiry results showed that as of August 9th this year, the company had a total of 20 shareholders holding over 3.55 billion shares of stock (equivalent to 49.93% of the issued share capital). The equity held by these shareholders, together with the over 2.89 billion shares (accounting for 40.62% of the issued share capital) held by the company's three major shareholders, amounted to a total of 90.55% of Gofintech Innov's issued share capital.

In other words, on August 9th, Gofintech Innov only had 0.672 billion shares (accounting for 9.45% of the issued share capital) held by other shareholders, indicating high ownership concentration in the hands of a very small number of shareholders. The Securities and Futures Commission indicated that due to the high concentration of ownership in a small number of shareholders, even small fluctuations in the trading of a small number of shares could result in significant volatility in the stock price. Shareholders and potential investors are reminded to exercise caution when buying and selling.

Gofintech Innov closed at 0.89 yuan yesterday (22nd), representing a 456% increase from the closing price of 0.16 yuan on February 9th this year.