SF Holding has announced that the subscription agreement and all conditions set forth for the subscriptions by both SF and J&T, as detailed in the earlier announcement, have been satisfied. This includes obtaining the listing approval from the Hong Kong Stock Exchange's Listing Committee for both the SF subscription shares and the J&T subscription shares. The completion of the respective subscriptions took place on June 9, 2026.

A total of 226 million new SF H-shares were successfully allotted and issued by the company to J&T on June 9, 2026, at the subscription price. These shares represent approximately 48.48% of the total issued SF H-shares and approximately 4.29% of the total issued share capital of SF, as enlarged by the allotment and issuance of the subscription shares.

The gross proceeds from the SF subscription amounted to approximately HK$8.299 billion. The net proceeds, after deducting commissions and estimated expenses, were approximately HK$8.289 billion.

Following the completion of the SF subscription, the company's total number of issued SF H-shares increased from 240 million to 466 million. The number of the company's A-shares remained unchanged at 4.799 billion, which includes repurchased SF shares intended for cancellation but not yet cancelled.

Consequently, the total number of issued shares of the company increased from 5.039 billion to 5.265 billion.