DIDA INC-PF(02559): The expected public shareholding volume will be restored by the end of May 2027.
Dida Chuxing-PF (02559) announced that after considering the past liquidity of the shares on the Hong Kong Stock Exchange, the current market price of the shares, the appointment of placing agents, the search for potential investors, the discussion and implementation of the expected time required for relevant transaction terms and conditions, and the expected time required to obtain shareholder approval for the adoption of a share incentive plan under Chapter 17 of the Listing Rules, it is currently anticipated that the company's public float will be restored by the end of May 2027 to comply with Rule 13.32B of the Listing Rules.
DIDA INC-PF (02559) announced that, considering the past liquidity of the shares on The Stock Exchange of Hong Kong Limited, the current market price of the shares, the appointment of the placing agent, the identification of potential investors, the discussion and implementation of the anticipated time required for the relevant transaction terms and conditions, as well as the expected time for obtaining shareholder approval for the Caina Technology Incentive Plan under Chapter 17 of the Listing Rules, it is currently anticipated that the company's public float will be restored by the end of May 2027 to comply with Rule 13.32B of the Listing Rules.
At the same time, the offeror and the company will continue to explore other feasible measures to facilitate the restoration of the company's public float, which may include (but is not limited to) the offeror selling shares on the market and off-market. As long as the company is still unable to comply with Rule 13.32B(2) of the Listing Rules, the company will adhere to the relevant disclosure requirements under the Listing Rules and avoid taking any action that may further reduce the percentage of its public float, unless the company can demonstrate special circumstances.
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