Zhongkang Technology Holdings (02361) is expected to increase public shareholding by no less than 8 percentage points by the end of June 2027

Zhitong Finance App News, Zhongkang Technology Holdings (02361) issued an announcement. Based on the company's strategic development and performance completion of eligible participants, the company expects to complete the awarding of share awards currently available within the next three years. Details of the plan are as follows:

(i) As of the date of this announcement, the share awards available for award represented 9.83% of the total share capital of the Company. The Company will award no less than 2% of the Company's total share capital to non-core related persons of the Company each year, taking into account the achievement of the operating goals for the next three years of 2026, 2027 and 2028, as well as the results of the comprehensive assessment of incentive targets; and

(ii) The award of the Company's share awards will be determined on the basis of multiple indicators of the Company and individual eligible participants. The purpose is to motivate the grantor to promote the medium- to long-term development of the Company, thereby maximizing the effectiveness of the share award.

In view of strategic developments and market conditions, the Company plans to further increase its public shareholding through various channels. Specific plans include:

(a) complete equity financing to expand the company's share capital; and/or (b) actively communicate with major shareholders to discuss arrangements for major shareholders to sell part of their shares to an independent third party to restore the company's public shareholding.

On the one hand, the Company will actively seek suitable placement agents and other relevant service providers. On the other hand, it will also communicate with the Company's major shareholders and potential investors to promote the implementation of the above plan. Given the volatile nature of capital markets, the process of approaching potential investors, negotiating terms of the deal, and obtaining the necessary approvals will take some time. The Company anticipates that public shareholding will be increased by no less than 8 percentage points by the end of June 2027 through the plans set out in subparagraph (a) and/or (b) above.

Based on the Company's overall plan to restore public shareholding as set out in subparagraphs (i), (ii), (a) and (b) above, the Company expects to meet the initial designated threshold stipulated in section 13.32B (1) of the Listing Rules by the end of June 2027.