RIVERINE CHINA (01417.HK): Responds to shareholding concentration announcement at Stock Exchange's request, confirms public float of no less than 25%

NewTimeSpace News: On 2 September 2026, Riverine China Holdings Limited (stock code: 01417) issued an announcement at the request of the Stock Exchange regarding the concentration of the Company's shareholdings in a small number of shareholders as of 14 August 2026. The Company noted that the Securities and Futures Commission (SFC) had published a related announcement on 1 September 2026. According to the SFC's enquiry results, 20 shareholders held an aggregate of 62,422,114 shares (representing 15.41% of the issued shares) as of that date, 11,700,080 shares (representing 2.89%) were registered in the name of HKSCC Nominees Limited but not deposited in the Central Clearing and Settlement System, and together with 300,178,000 shares (representing 74.12%) held by two major shareholders, this accounted for 92.42% of the issued shares, leaving only 30,699,806 shares (representing 7.58%) held by other shareholders.

According to the SFC announcement, the shareholding structure as of 14 August 2026 was: Yomi.sun Holding Limited, ultimately beneficially owned by Mr. Sun Taoyong, holding 222,898,000 shares (representing 55.04%), and Lucky Yang Limited, ultimately beneficially owned by Mr. Yang Xingyun, holding 77,280,000 shares (representing 19.08%). The closing price of the shares rose 4,015% from HKD 0.20 on 12 May 2026 to HKD 8.23 on 14 August 2026, and closed at HKD 7.48 on 31 August 2026, 3,640% higher than the closing price of HKD 0.20 on 12 May 2026.

The Board clarified that the above information was extracted from the SFC announcement and has not been independently verified by the Company, except for the shareholdings of Mr. Sun Taoyong through Yomi.sun Holding Limited and Mr. Yang Xingyun through Lucky Yang Limited (based on the disclosure of interests notices filed under Part XV of the Securities and Futures Ordinance) and the share price information set out above. The Company will conduct further investigation into the shareholding matters set out in the SFC announcement and will publish further announcements as soon as practicable upon completion of the investigation. The Board confirmed that, as of 14 August 2026 and the date of this announcement, no less than 25% of the issued shares were held by the public, and the Company has maintained sufficient public float in accordance with the Listing Rules.

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