Urban Construction Design (01599): The public shareholding volume is about 23.7%

Zhitong Finance App News, Urban Construction Design (01599) issued an announcement. On the date of this announcement, the company's public shareholding volume was about 23.70%, which is lower than the minimum required percentage of 25% as stipulated in section 8.08 of the Hong Kong Stock Exchange Limited securities listing rules.

The company is well aware that the current problem of insufficient public shareholding still exists, and it takes the resolution of this issue very seriously. At this stage, the company is communicating with minority shareholders (non-major shareholders) who hold the company's domestic shares to explore the possibility of converting their domestic shares into the company's H shares through full circulation of domestic shares. The company has completed the appointment of legal advisors on the full circulation of domestic shares, and has obtained the consent of some shareholders on full circulation matters.