Man Wah Holdings Limited announced that its subsidiary, Remacro Technology Co., Ltd. (RMT), will commence public trading on China’s National Equities Exchange and Quotations (NEEQ) on 1 April 2026. The NEEQ has assigned RMT the stock short name “Remacro Technology” and code 874760; shares will be traded via collective bidding at the Basic Level.

Key milestones and regulatory clearances:

1. Application timeline • 30 October 2025: RMT submitted its NEEQ quotation application. • 31 October 2025: NEEQ Co., Ltd. accepted the application. • 14 January 2026: RMT received NEEQ approval via the “Approval Letter Regarding the Public Transfer and Quotation of Shares of Remacro Technology Co., Ltd.”

2. Hong Kong requirements under Practice Note 15 (PN15) • The Stock Exchange of Hong Kong (HKEx) agreed that Man Wah may proceed with the spin-off. • HKEx granted a waiver from strict compliance with PN15 paragraph 3(f) (assured entitlement).

3. Rationale for assured-entitlement waiver • PRC regulations restrict the opening of A-share accounts to specific categories of investors, making it impractical to grant entitlements to all Man Wah shareholders. • PRC underwriting rules prohibit preferential share allocations in public offerings. • Consequently, the Board concluded that assured entitlements cannot be provided and confirmed that the arrangement is fair and in the interests of all shareholders.

Transaction structure and financial impact:

• The NEEQ quotation involves no issuance of new RMT shares and no sale of existing shares by Man Wah. • RMT will remain a subsidiary of Man Wah; its financial results will continue to be fully consolidated into the Group’s accounts post-listing.

Board confirmation:

The Board states that the spin-off, the non-provision of assured entitlements, and the HKEx waiver collectively serve the best interests of the company and its shareholders.

The announcement does not affect Man Wah’s existing share capital or ownership structure.