Beijing Saimo Updates Market on Shortfall in Public Float and Restoration Timetable

Beijing Saimo Technology Co. Ltd. Class H ( (HK:2571) ) just unveiled an update.

Beijing Saimo Technology Co., Ltd., a PRC-incorporated technology company listed in Hong Kong, has disclosed that its current public float stands at approximately 22.58%, below the 25% minimum required under the Hong Kong Stock Exchange’s Listing Rules. The board reported that its previously announced plan to restore the public float is proceeding on schedule, with the company preparing a filing application to the China Securities Regulatory Commission and targeting full compliance on or before 8 July 2026. In the meantime, Beijing Saimo will issue monthly updates on the progress of its remedial measures, and it has cautioned shareholders and potential investors to exercise care when dealing in its securities while the public float remains below regulatory thresholds.

The most recent analyst rating on (HK:2571) stock is a Hold with a HK$14.50 price target. To see the full list of analyst forecasts on Beijing Saimo Technology Co. Ltd. Class H stock, see the HK:2571 Stock Forecast page.

More about Beijing Saimo Technology Co. Ltd. Class H

Beijing Saimo Technology Co., Ltd. is a Chinese joint stock company listed in Hong Kong under stock code 2571. It operates in the technology sector, though this announcement focuses on its shareholding structure and compliance with Hong Kong listing requirements rather than its specific products or services.

Average Trading Volume: 51,755

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$1.79B

For detailed information about 2571 stock, go to TipRanks’ Stock Analysis page.