HONY MEDIA (00419) announced that all conditions under the subscription agreement have been fulfilled, and the completion took place on November 17, 2025, in accordance with the terms of the agreement. The company has allotted and issued a total of 638 million subscription shares at HK$0.039 per share under the general mandate, representing approximately (i) 4.70% of the total issued share capital immediately before completion and (ii) 4.49% of the enlarged issued share capital after the allotment and issuance.

Following the completion of the subscription, the conversion price of the outstanding convertible bonds has been adjusted from HK$0.1014 per share to HK$0.1003 per share, effective from November 17, 2025. Based on the adjusted conversion price, the maximum number of shares issuable upon full conversion of the convertible bonds has increased from 1.183 billion to 1.196 billion.