As of 4:00 p.m. on Monday, October 13, 2025 (the final acceptance deadline), SINO SPLENDID (08006) received a total of 33 valid applications for 93.7938 million rights shares, representing approximately 42.4% of the total rights shares offered under the rights issue. Consequently, the rights issue was undersubscribed, with a shortfall of 128 million rights shares, accounting for about 57.6% of the total shares offered. These shares were to be disposed of under the compensation arrangement.
By 4:00 p.m. on Tuesday, October 28, 2025 (the final deadline for placing unsubscribed rights shares and excluded shareholders' unsold rights shares), all 128 million unsubscribed rights shares and excluded shareholders' unsold rights shares were successfully placed at HK$0.08 per share (equivalent to the subscription price) under the placement agreement. As a result, no net proceeds were available for distribution to non-acting shareholders under the compensation arrangement.
The total gross proceeds raised from the rights issue (including the placement) amounted to approximately HK$17.7 million. After deducting expenses, the net proceeds from the rights issue were about HK$16.6 million.