ZHOU LIU FU (06168): Instead of the threshold, the minimum specified public shareholding level will be adopted.

ZHOU LIU FU (06168) announced that, according to Listing Rule 13.32B (as amended and replaced by Listing Rule 19A.28B), the shares listed on the Stock Exchange must have a public market. This generally means that, at any time, a portion of the shares held by the public in a category of shares listed on the Stock Exchange must: (1) represent at least 25% of the total number of issued shares of that category by the issuer (excluding treasury shares), or any lower minimum public float percentage specified in Rule 8.08(1) (as amended and replaced by Rule 19A.13A) at the time of listing (initial designated threshold); or (2) additionally, (a) have a market value of at least HK$ 1 billion; and (b) represent at least 10% of the total number of issued shares of that category by the issuer (excluding treasury shares) (alternative threshold). With regards to the listing, the company has been granted an exemption by the Stock Exchange to strictly comply with Rule 8.08(1) and the minimum percentage of the company's shares held by the public as stipulated from time to time, whichever is higher among the following two options: (i) 15.33% of the total number of issued shares of the company after the global offering is completed (assuming no exercise of options for adjustment of the offering size and over-allotment options); and (ii) the percentage of the company's shares held by the public after the exercise of options for adjustment of the offering size and over-allotment options (i.e. 18.23%). The company fully exercised its over-allotment options on July 23, 2025. Shortly after the full exercise of the over-allotment options, the number of company shares held by the public accounted for approximately 18.23% of the total number of issued shares by the company. As a result, the initial designated threshold applicable to the company is 18.23% of the total number of issued shares by the company (excluding treasury shares, if any). Under the H-share repurchase authorization, the company repurchased 661,400 H shares on the Stock Exchange on May 14, 2026. As these repurchased H shares will no longer be considered as held by the public according to the Listing Rules, the company has adopted the alternative threshold from May 14, 2026 onwards to comply with Listing Rule 13.32B (as amended and replaced by Listing Rule 19A.28B) and to provide the group with greater flexibility for future corporate transactions for capital management purposes. As of May 14, 2026, the last practicable date before the publication of this announcement, the market value of the company's public float (calculated in accordance with Listing Rule 13.32A(3) as amended and replaced by Listing Rule 19A.28A) is HK$ 2.847 billion, which is not lower than HK$ 1 billion. The percentage of the company's public float as of the last practicable date is approximately 18.11% of the total number of issued shares by the company (excluding treasury shares). Therefore, the company complies with the alternative threshold requirement under Listing Rule 13.32B(2) (as amended and replaced by Listing Rule 19A.28B).