Castson 81 Finance Rights Issue Records 53.7% Subscription; 235.84 Million Shares Enter Compensatory Placement

Bulletin Express
04/01

China Castson 81 Finance Company Limited (“Castson 81 Finance”) has released interim figures for its five-for-two rights issue at HK$0.102 per share.

• Offer size and subscription: Of the 509.11 million Rights Shares available, valid acceptances were received for 273.26 million shares, representing 53.7% of the offer.

• Undersubscription: 235.84 million shares (46.3% of the issue) remain unallocated and will be handled under compensatory arrangements.

• Cornerstone support: Goodchamp fulfilled its Irrevocable Undertaking by subscribing for 88.26 million Rights Shares.

• Compensatory placement: A placing agreement signed on 19 December 2025 appoints a placing agent to dispose of the Unsubscribed Rights Shares, together with any employee-subscription (ES) unsold shares, to independent placees on a best-effort basis by 4:00 p.m. on 13 April 2026. Any shares not placed will be underwritten by Goodchamp up to 381.00 million shares.

• Net gain distribution: Should the placement generate a premium over the subscription price, proceeds (net of expenses) will be distributed pro rata to shareholders who did not take up their entitlements, subject to a minimum payment threshold of HK$100 per shareholder.

• Final results notice: The company expects to publish the definitive Rights Issue outcome on 20 April 2026.

The Rights Issue remains conditional on the underwriting agreement becoming unconditional and not being terminated. Investors are advised to consider these contingencies when evaluating the transaction.

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