Summary by Futu AI
K Cash Group Limited (“K Cash”) announces that its stable price period for global sales has ended on December 30, 2023. Stable price operator Ping Securities (Hong Kong) Limited conducted price stabilisation actions during the period, including an overallotment of approximately 625 million shares in an international distribution and the purchase of the same number of shares on the market to compensate for the overallotment. The last market purchase took place on 6 December 2023 at a purchase price of HK$1.76 per share. In addition, during the period of price stability, the overallotment option was not exercised by the Global Coordinator, which expired on 30 December. The Company confirms that it will continue to comply with the public shareholding requirements of the Listing Rules after the end of the period of price stability. This announcement was issued by Chairman Li Changsheng on January 2, 2024.