Hao Bai International (Cayman) Limited (Stock Code: 8431) disclosed the results of its non-underwritten Rights Issue on the basis of four Rights Shares for every one Share held on the record date. According to the announcement, 7 valid acceptances were received for a total of 40,450,825 Rights Shares, representing approximately 22.23% of the Shares offered. The remaining 141,521,175 Unsubscribed Rights Shares (around 77.77% of the total) were placed out at HK$0.21 each, matching the Subscription Price and resulting in full subscription of all 181,972,000 Rights Shares.

The Rights Issue raised gross proceeds of approximately HK$38.21 million, and net proceeds of about HK$36.94 million. The company intends to use around HK$15 million for settling indebtedness, HK$15 million for project performance bonds and initial direct costs, and HK$6.94 million for general working capital. After completion, the total number of issued Shares increased from 45,493,000 to 227,465,000, with several placees becoming substantial shareholders.

Following the allotment of fully-paid Rights Shares, share certificates are expected to be dispatched on or before 9 February 2026, and dealings in those Shares are set to commence on 10 February 2026 on the Stock Exchange. In addition, adjustments have been made to the exercise price and number of outstanding Share Options granted under the Share Option Scheme. The exercise price was adjusted from HK$3.36 to HK$3.1478, and the total number of underlying Shares from 611,538 to 652,765, effective 9 February 2026.