OCEAN ONE HLDG (08476) responds to concerns about high concentration of shareholding, stating that the company is able to comply with the regulations on public shareholding levels.

OCEAN ONE HLDG(08476) announces that the company has noticed the announcement published by the Securities and Futures Commission (SFC) on May 14, 2025 (SFC Announcement). As disclosed in the SFC Announcement, the SFC has recently conducted an inquiry into the equity distribution of the company. The inquiry results show that as of April 29, 2025, nineteen shareholders collectively held 52.42 million shares, equivalent to 18.72% of the issued shares. These shares, together with the 205.8 million shares held by the company's controlling shareholder (representing 73.50% of the issued shares as of April 29, 2025), amount to 92.22% of the issued shares on that date. Therefore, only 21.78 million shares (7.78% of the issued shares) are held by other shareholders. As stated in the SFC Announcement, (a) the closing price of the shares rose by 328% from HK$0.69 on October 3, 2023, to HK$2.95 on April 29, 2025. (b) On May 13, 2025, the share price closed at HK$3.11, an increase of 351% from the closing price of HK$0.69 on October 3, 2023. The Board of Directors of the company hereby clarifies that the above information is extracted from the SFC Announcement. Apart from the information regarding the latest equity disclosure notice filed under Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) held by Chen Jianfeng and the information in paragraphs (a) to (b) above, the company has not independently verified the information. For more details, please refer to the SFC Announcement. Based on the information available and after conducting all reasonable inquiries with respect to the directors' knowledge, the company confirms that as of April 29, 2025, and the date of this announcement, at least 25% of the company's issued shares are held by the public, and the company is able to comply with the public shareholding requirement under the GEM Listing Rules of the Stock Exchange.