YANCHENG PORT (08310): Increase in public shareholding ratio

YANCHENG PORT (08310) announces that following the close of the share offer on March 21, 2025, the company's public shareholding is approximately 18.10% of the total issued shares, which is below the minimum public shareholding requirement of 25% under Rule 11.23(7) of the GEM Listing Rules. The company has applied for a temporary waiver from strict compliance with Rule 11.23(7) of the GEM Listing Rules, in order to restore the minimum percentage of public shareholding by June 20, 2025. The waiver was granted by the Stock Exchange on March 19, 2025. The company has been informed that on May 2, 2025, Dafeng Port (Hong Kong) sold a total of 89.28 million shares to public persons defined under the GEM Listing Rules, representing approximately 6.93% of the total issued shares. Following this sale and as of the date of this announcement, the total public shareholding is 322 million shares, accounting for approximately 25.03% of the total issued shares. Therefore, the company's minimum public shareholding has been restored to the requirement of 25% of the total issued shares under Rule 11.23(7) of the GEM Listing Rules.