
H shares held by the public stand at roughly 22.6%, undercutting the Exchange’s ongoing minimum requirement of 25%
Beijing Saimo Technology Co., Ltd. has disclosed that its public float — the proportion of H shares held by public investors — currently sits at approximately 22.58 per cent, falling short of the Hong Kong Stock Exchange’s ongoing minimum threshold of 25 per cent.
The company’s stock, listed under code 2571.HK following its January 2025 initial public offering on the main board, recorded this level of public shareholding in a regulatory filing issued on January 16. The shortfall stems from roughly 3.226 million shares, accounting for about 2.42 per cent of the company’s issued share capital, being held by Bank of China International Trust (Hong Kong) Limited in trust under the firm’s 2025 H-share award trust for non-core connected persons.
Because these shares have not yet been granted to participants under the incentive plan, they are not considered part of the public float for regulatory purposes.
Under the Stock Exchange’s Listing Rules, at least 25 per cent of a listed company’s issued shares must be held by the public to ensure an open market, although alternative thresholds may apply in some cases where market value conditions are met.
Saimo’s disclosure of its public holding below the prescribed level triggers heightened scrutiny and may require remedial measures within a specified timeframe, including seeking to increase the proportion of freely tradable shares.
The company, which specialises in simulation and testing technologies for intelligent connected vehicles and marked its listing success last year with substantial capital raised, is monitoring its share register and engaging with advisors to address the public float gap.
Investors and market watchers will be attentive to how Saimo navigates the ongoing requirements and any actions it may take to restore compliance with the Exchange’s public float standards, which are designed to underpin liquidity and market integrity.
The company’s stock, listed under code 2571.HK following its January 2025 initial public offering on the main board, recorded this level of public shareholding in a regulatory filing issued on January 16. The shortfall stems from roughly 3.226 million shares, accounting for about 2.42 per cent of the company’s issued share capital, being held by Bank of China International Trust (Hong Kong) Limited in trust under the firm’s 2025 H-share award trust for non-core connected persons.
Because these shares have not yet been granted to participants under the incentive plan, they are not considered part of the public float for regulatory purposes.
Under the Stock Exchange’s Listing Rules, at least 25 per cent of a listed company’s issued shares must be held by the public to ensure an open market, although alternative thresholds may apply in some cases where market value conditions are met.
Saimo’s disclosure of its public holding below the prescribed level triggers heightened scrutiny and may require remedial measures within a specified timeframe, including seeking to increase the proportion of freely tradable shares.
The company, which specialises in simulation and testing technologies for intelligent connected vehicles and marked its listing success last year with substantial capital raised, is monitoring its share register and engaging with advisors to address the public float gap.
Investors and market watchers will be attentive to how Saimo navigates the ongoing requirements and any actions it may take to restore compliance with the Exchange’s public float standards, which are designed to underpin liquidity and market integrity.














































