New Times Corporation Limited has reclassified the entire HK$161.70 million of unutilised net proceeds from its March 2017 Open Offer for general working capital purposes.

According to the supplemental announcement dated 30 April 2026, the funds will be deployed as follows:

• HK$30.00 million for general administrative, IT and other overheads.

• HK$50.00 million to support day-to-day requirements of the Group’s commodities refinery and trading operations.

• HK$81.70 million to finance routine working capital needs of its energy-related business in Canada.

The company stated that any future investment requiring these proceeds will trigger a separate disclosure in accordance with Hong Kong Listing Rules.