CA Cultural Technology Group Limited (CA Cultural) and investor Kyosei-Bank Co., Ltd. announced a further postponement in the despatch of the shareholder circular for the company’s multi-step restructuring plan.

Key points

1. Circular delay • Under Hong Kong’s Takeovers Code, the circular was originally due by 17 April 2026. • The Securities and Futures Commission has indicated it will consent to an extension, allowing despatch on or before 27 April 2026, to give the company more time to update material information on the proposed restructuring.

2. Impact on shareholder meeting and capital reorganisation • The extraordinary general meeting (EGM), at which shareholders are to vote on the capital reorganisation, change in board-lot size and related whitewash waiver, is postponed. • A revised timetable for the capital reorganisation and board-lot change will be released once finalised.

3. Trading status • Trading in CA Cultural shares has been suspended since 21 November 2024 and will remain halted. • The Stock Exchange requires the company to restore the minimum public float before any listing approval for new shares arising from the subscription, convertible bonds or creditor scheme.

4. Conditions precedent • Completion of the restructuring remains subject to multiple approvals, including: - Whitewash waiver from the SFC - Stock Exchange approval for listing the subscription shares, convertible-bond conversion shares and scheme shares - Fulfilment of all conditions in both the subscription agreements and creditors’ scheme If any of these approvals are not granted, the restructuring will not proceed.

Shareholders and potential investors are urged to exercise caution while the suspension is in force.