HUANXI MEDIA (01003) has announced the completion of its subscription and warrant issuance. The settlement of the warrant subscription and the share subscription occurred concurrently on April 21, 2026. Pursuant to the specific mandate for the subscription, the company allotted and issued 728 million new shares to C River Limited, an affiliate of the subscriber, at a price of HK$0.30 per share on April 21, 2026. According to the share subscription agreement, the subscriber holds the right to transfer its entitlements under the agreement to its affiliates. Furthermore, on the same date, the company issued 731 million warrants to C River Limited, an affiliate of the warrant subscriber, at an issue price of HK$0.01 per warrant. Each warrant carries an exercise price of HK$0.44. The warrant subscription agreement permits the warrant subscriber to acquire the warrants through its affiliates. Any new shares to be issued upon the exercise of these warrants will be allotted and issued under a separate warrant mandate.