The company has announced the results of its rights issue subscription. As of the acceptance deadline on Thursday, July 10, 2026, at 4:00 PM, it received a total of 3 valid acceptances. These applications covered approximately 22.3472 million rights shares, representing about 16.99% of the total shares available under the offer.

No fractional entitlements will be issued under the rights issue. Consequently, the number of unsubscribed rights shares stands at approximately 109 million, accounting for about 83.01% of the total shares available. There were no ineligible shareholders as of the record date, and the number of unsubscribed shares attributable to such ineligible shareholders is zero.

Based on the acceptance results, the total number of unsubscribed shares under the compensation arrangement is 109 million rights shares. Since no excess application facility was provided, the company has arranged, as stipulated under the listing rules, to sell these unsubscribed shares by offering them to independent placees for the benefit of shareholders who were entitled to the offer.

The company has appointed a placing agent and entered into a placing agreement to place the unsubscribed shares to independent placees on a best-efforts basis. Any premium realized above the subscription price of the shares and the total expenses of the placing agent will be distributed proportionately to non-acting shareholders.

The placing agent will use its best efforts to procure subscribers for all, or as many as possible, of the unsubscribed shares between Friday, July 24, 2026, and no later than 4:00 PM on Thursday, July 30, 2026. The company will not issue any unsubscribed shares that remain unplaced after the placing arrangement, and the size of the rights issue will be reduced accordingly.

Any net proceeds, if realized, will be paid (without interest) proportionately to non-acting shareholders, based on all unsubscribed shares and unsubscribed shares of ineligible shareholders, and rounded down to the nearest cent. The categories of non-acting shareholders are as follows: A. Eligible shareholders (or their transferees) who did not subscribe for their rights shares (in whole or in part); B. Persons holding any nil-paid rights at the time of their lapse; and C. Ineligible shareholders in respect of their unsubscribed shares.

Any net proceeds of HK$100 or more payable to the non-acting shareholders described in categories A to C will be paid in Hong Kong dollars only. Individual amounts of less than HK$100 will be retained by the company. Shareholders should note that net proceeds may or may not be realized, and therefore non-acting shareholders and ineligible shareholders may or may not receive any payment.