HKC International Holdings Limited (248) has issued a Provisional Allotment Letter dated 20 February 2026, detailing a rights issue on the basis of one new share for every two existing shares held, at an issue price of HK$0.28 per share. All subscription payments must be settled in full by 4:00 p.m. on 6 March 2026.

The announcement highlights that dealings in nil-paid rights are scheduled from 24 February 2026 to 3 March 2026. Any fractional entitlements to the rights shares will be aggregated but not allocated to specific shareholders. Shareholders have the option to apply for additional shares through the Excess Application Form.

The proposed new shares will rank equally with all existing shares in terms of dividends and distributions. Subject to the fulfillment of the relevant conditions, share certificates for fully paid shares are expected to be posted on 17 March 2026. Should key conditions of the rights issue remain unmet, the transaction may not proceed.