Hao Bai International (Cayman) Limited (HAO BAI INTL) released a supplementary announcement detailing how HK$40.90 million in net proceeds raised over the past 12 months has been or will be used.

Fund-raising summary • Subscription of 33.00 million new shares under general mandate (announced February–April 2025) generated HK$3.96 million, all of which has been applied to debt capitalisation. • A rights issue of 181.97 million shares on a 4-for-1 basis (announced October 2025–February 2026) raised HK$36.94 million.

Rights-issue proceeds allocation and utilisation 1. Settlement of trade payables: HK$13.00 million earmarked; HK$11.70 million applied to date. Remaining HK$1.30 million is scheduled for deployment by 30 September 2026. 2. Settlement of other third-party borrowings: HK$2.00 million fully utilised. 3. Renovation and fitting-out project in China: HK$15.00 million allocated; utilisation awaits client confirmation, expected by 31 May 2026, with funds to be drawn by that date. 4. General working capital: HK$6.94 million fully utilised, including HK$1.00 million for directors’ remuneration, HK$0.40 million for staff salaries, HK$3.00 million for professional fees and HK$2.54 million for other office overheads.

The board confirmed that, aside from the additional fund-raising details provided, all other information in the 25 March 2026 placing announcement remains unchanged.