Numbers like 0.5% or 0.01% qualify as "Less than 1%", so this thread is invalid.
i.e. it'd be very easy for a study to say "we have shown that it's likely that the effect size is less than 1%" and then a journalist to interpret that as <1%, and then for a reader to incorrectly think "they wouldn't have said this if it were actually 0.1% or lower".