Bright Future Technology Holdings Limited (“Bright Future Technology”) unveiled a capital–restructuring package that includes a 5-for-1 share consolidation, an increase in authorised share capital and a non-underwritten rights issue aimed at raising up to HK$216.00 million.

The board proposes to consolidate every five existing HK$0.10 shares into one HK$0.50 share, trimming the issued share count from 600 million to 120 million consolidated shares. Immediately afterwards, authorised share capital will expand from HK$200.00 million to HK$600.00 million.

Subject to shareholder approval, Bright Future Technology will launch a rights issue of up to 360 million consolidated shares on the basis of three rights shares for every one consolidated share held on the 11 November 2026 record date. The subscription price is HK$0.600 per rights share, representing discounts of 28.99% to the last trading day close (HK$0.845, adjusted) and 62.50% to the latest close (HK$1.600, adjusted). Net proceeds are estimated at HK$212.80 million after HK$3.23 million in expenses.

Proceeds are earmarked 60% for further development of the Group’s AI platform “LinkBriAI”, 30% for expanding media resources and customer acquisition in its intelligent marketing business, and 10% for general working capital. The offer is non-underwritten; any rights shares not taken up will be placed by uSmart Securities and Jakota Securities on a best-efforts basis at no less than HK$0.600 per share. Unplaced shares will be cancelled, reducing the issue size accordingly. The placing commission is 0.5% of funds raised.

If fully subscribed, the enlarged share capital will reach 480 million consolidated shares, and the maximum dilution for non-participating shareholders is 75.0%. The theoretical dilution effect is estimated at 21.75%, within Listing Rule parameters.

An extraordinary general meeting is scheduled for 29 October 2026 to approve the proposals; controlling shareholder Swift Ascent Limited (53.70% stake) will abstain from voting. Subject to approval, the share consolidation becomes effective on 2 November 2026, rights shares trade ex-rights from 3 November, nil-paid rights trade 16–23 November, and fully-paid rights shares are slated to commence trading on 14 December 2026.