China Next-Gen Commerce restores public float after temporary waiver

China Next-Gen Commerce and Supply Chain Limited (formerly known as S&T Holdings Limited) announced the restoration of its minimum public float requirement. Following the close of the Offer, the public float stood at approximately 24.999% of the total issued share capital, falling below the 25% minimum required by Listing Rules.

The company applied for, and was granted, a temporary waiver from strict compliance by the Stock Exchange on 30 September 2025. This waiver covers the period from 25 September 2025 to 26 September 2025, inclusive.

To rectify the situation, the Offeror disposed of an aggregate of 6,000 shares in the open market on 26 September 2025, representing approximately 0.001% of the total issued share capital. As a result, the public now holds 120,000,000 shares, constituting 25.00% of the company's total issued share capital, thereby restoring compliance with the minimum public float requirement.