Shun Wo Group Holdings Limited announced the completion of its non-underwritten rights issue on the basis of one rights share for every three existing shares, with all conditions fulfilled and the issue becoming unconditional on or before January 26, 2026. A total of 133,333,333 rights shares were made available for subscription.

As of January 23, 2026, valid acceptances amounted to 75,843,585 rights shares (approximately 56.9% of the available total). In addition, 78,452,128 excess rights shares were applied for (about 58.8% of total availability). These combined figures represented 154,295,713 rights shares, resulting in an oversubscription of around 20,962,380 shares, or about 15.7% above the original 133,333,333 shares offered.

The 57,489,748 rights shares remaining after provisional acceptances were allocated on a fair, pro rata basis to applicants for the excess shares. The company expects to distribute refunds for partially or fully unsuccessful excess applications on or before February 2, 2026.

The gross proceeds from the rights issue stand at approximately HK$18.67 million, with estimated net proceeds of around HK$17.92 million. According to the announcement, these funds will be used in the manner disclosed in the prospectus.

Following completion of the rights issue, the total share count has increased from 400,000,000 to 533,333,333. May City Holdings Limited, a substantial shareholder, now holds approximately 60.18% of total shares, compared with 51.00% before the rights issue.

Share certificates for fully paid rights shares are expected to be mailed on or before February 2, 2026. Trading of these fully paid rights shares on the Stock Exchange is anticipated to commence at 9:00 a.m. on February 3, 2026.