CONTIOCEAN (02613): The public shareholding is approximately 22.73%.

CONTIOCEAN (02613) announced that as of the date of this announcement, the company is aware that its public shareholding is approximately 22.73%, which is below the minimum percentage of 25% specified in Rule 19A.28B(1)(a) of the Listing Rules of Hong Kong Exchanges and Clearing Limited. This deficiency is due to 910,000 H shares (accounting for approximately 2.28% of the total number of shares issued by the company as of the date of this announcement) held by Ocean Yields Enterprises Limited (Ocean Yields), a wholly-owned subsidiary of China Merchants Evertrust Trust Co., Ltd. (China Merchants Evertrust Trust), which is the trustee of the company's H-share restricted stock incentive plan for eligible participants who are non-core related parties effective from August 1, 2025. These shares have not been granted to any participants and therefore are not considered as part of the public shareholding. In order to promptly restore the company's public shareholding, the company is considering the following measures: (1) the implementation of the existing internal share circulation plan. The company has submitted an application to the China Securities Regulatory Commission. Upon completion of all filing requirements, obtaining all relevant approvals, and compliance with all applicable laws, regulations, and rules, 30 million unlisted domestic shares (representing approximately 75.00% of the total issued share capital of the company as of the date of this announcement) will be converted into H shares of the company. After the conversion, the company will actively engage with the major shareholders who are core related parties to discuss arrangements for them to sell a portion of their holdings to independent third parties in order to restore the company's public shareholding. (2) As of the date of this announcement, the share awards available for issuance in the stock incentive plan account for approximately 2.28% of the total issued share capital of the company. After considering the company's strategic development and the performance achievement of eligible participants, the company expects to grant a portion of the share awards, subject to regulatory approval and actual circumstances. (3) As of the date of this announcement, under the pre-emptive rights plan adopted on July 27, 2024, the share options exercisable by non-core related parties account for approximately 4.44% of the total issued share capital of the company. The company may issue up to 1,775,500 H shares to the grantees of the non-core related parties, subject to the fulfillment of certain exercise conditions and the exercise of the options by the grantees. (4) Considering its strategic development and current market conditions, the company may also consider equity financing in the future to expand its capital base.