Shandong Hi-Speed New Energy Group restores public float

Shandong Hi-Speed New Energy Group Limited announced the restoration of its minimum public float requirement, effective from November 28, 2025. Following the close of its offers, only 21.31% of the company's issued share capital was held by the public, falling below the 25% minimum set by listing rules. This necessitated an application to the Stock Exchange for a waiver.

The company received a "Further Extended Waiver" from the Stock Exchange on December 5, 2025, covering the period from August 18, 2025, to November 28, 2025. This waiver allowed time for the offeror to finalize arrangements for the restoration of the public float.

The public float was successfully restored through disposals by the offeror. On November 28, 2025, 82,833,512 shares were disposed of to a purchaser via a placing agent, along with 103,000 shares sold on the market on August 28, 2025, and September 1, 2025. These disposals, totaling 82,936,512 shares (approximately 3.69% of the total issued share capital), resulted in 561,647,183 shares, or 25% of the issued share capital, being held by the public.