Dida Inc. (the “Company”) disclosed on 9 September 2026 that it is deemed to have a “Significant Public Float Shortfall” under Hong Kong Listing Rule 13.32F. The Hong Kong Stock Exchange may cancel the Company’s listing if compliance with the minimum public float requirement of Rule 13.32B is not restored by 20 February 2028. Shareholders and potential investors are therefore urged to exercise caution when trading the Company’s shares.
To address the deficiency, the Company and its controlling shareholder, eLong, Inc. (the “Offeror”), are evaluating several measures:
• Placing of existing shares held by the Offeror and/or issuance of new shares to independent investors. • Introduction of a new share-award scheme compliant with Chapter 17 of the Listing Rules, intended to supplement the placing exercise. • Potential on-market or off-market disposals of shares by the Offeror, should additional action be required.
Subject to market conditions and post-publication of interim results for the six months ended 30 June 2026, Dida Inc. plans to engage a placing agent to identify investors and finalize transaction terms. Based on current estimates, management expects to re-establish the requisite public float by the end of May 2027.
Until compliance is achieved, the Company will refrain from any activity that could further reduce the public float and will publish monthly progress updates as required by the Listing Rules.
Failure to remedy the shortfall by the HKEX deadline of 20 February 2028 would result in the cancellation of Dida Inc.’s listing. Current board composition comprises two executive directors, two non-executive directors, and three independent non-executive directors, with Wang Xiaobo serving as Executive Director and Chief Executive Officer.