On May 23rd, Glorious Sun Enterprises Limited (00659.HK) announced that as of the date of this announcement, the company's public shareholding was approximately 23.83%, which is still slightly below the requirement in Listing Rule 8.08(1)(a) to maintain a minimum public shareholding of 25%.
As the exemption will expire on May 23, 2024, the company has applied to The Stock Exchange of Hong Kong Limited for an extension of the exemption period.