Understanding the Market | SDHG opened nearly 15% higher, the company stated that business operations remain normal and can comply with public shareholding requirements

SDHG plummeted 76% last Friday and opened nearly 15% higher today. As of the time of writing, it has risen 14.88%, trading at HKD 3.86, with a transaction volume of HKD 15.3396 million. On September 19, SDHG announced that the board of directors noticed unusual fluctuations in the trading price and volume of the company's shares on the announcement date. After reasonable inquiries, the board confirmed that, apart from the matters mentioned in the announcement regarding the high concentration of equity released on September 18, no reasons were found that could lead to the abnormal fluctuations in share price and trading volume. At the same time, the board stated that the group's business operations remain normal, and there have been no significant changes in business operations and financial conditions. It is reported that the Hong Kong Securities and Futures Commission previously pointed out that SDHG's equity is highly concentrated, stating that only 7.54% of the shares are held by other shareholders. SDHG responded that as of September 1, 2025, and the date of this announcement, at least 25% of the issued shares are held by the public, and the company is able to comply with the public shareholding requirements under the listing rules of the Stock Exchange. The company also announced a repurchase plan, intending to repurchase up to USD 100 million of its shares