ALLAN INT'L (00684.HK): Public float of 24.04% remains below requirement, resumption deadline extended to March 2027

NewTimeSpace News: On 3 September 2026, Allan International Holdings Limited (stock code: 00684) issued an announcement regarding the latest position of its public float. To the best of the Board's knowledge, the Company's public float as of the date of this announcement was 24.04%, still below the level of 25% of the Company's total issued share capital required to be held by the public under the Listing Rules.

In respect of the progress of restoring the public float, the Company has explored the possibility of certain of its connected persons disposing of their shares, but the relevant negotiations have encountered significant obstacles as the Company is unable to control the intention, timing and manner of shareholders' share disposals due to the shareholders' own established investment plans; the Company also noted that if shares are disposed of by shareholders who are connected persons, such shares may be taken up by existing substantial shareholders or their associates, which would not materially increase the public float. The Board had considered adopting a share scheme as one of the feasible options, but upon evaluation, the implementation of such a scheme would involve substantial fees, and the Board considered that incurring such costs may not be in the best interests of the Company and its shareholders given the potential impact on the Company's financial performance, and is actively considering other more cost-effective alternatives.

The delay and deviation from the original restoration schedule were jointly caused by various factors, including shareholders potentially continuing to increase their shareholdings in the open market, the reluctance of the major shareholders approached to dispose of their shares due to their respective circumstances, and the potential costs of adopting a share scheme. The Company expects to extend the deadline for restoring the public float by a further six months from the date of this announcement (i.e. to March 2027). As long as the Company remains non-compliant with Rule 13.32B of the Listing Rules, it will continue to publish monthly announcements on the status of its public float and the progress of its restoration plan, and comply with other requirements under Rule 13.32E of the Listing Rules.

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