AI Energy Engineering Holdings Limited has disclosed a markedly low subscription for its ongoing 1-for-3 rights issue, with only one valid application received for 889,835 Rights Shares as of the 11 May 2026 deadline. The acceptance represents approximately 0.90% of the 96.77 million Rights Shares on offer.

Consequently, 95.88 million Rights Shares—equivalent to 99.10% of the total shares available—remain unsubscribed. In line with Rule 7.21(1)(b) of the Listing Rules, these shares will be offered to independent placees under compensatory arrangements. The appointed placing agent has until 18 May 2026 to place the shares on a best-effort basis at a price not lower than the rights issue’s subscription price.

Any premium realised over the aggregate of (i) the subscription price of the placed shares and (ii) related placing expenses will be distributed to “No Action Shareholders” on a pro-rata basis, provided the individual entitlement reaches at least HK$100. Amounts below this threshold will be retained by the company.

Should any of the 95.88 million shares remain unplaced, they will not be issued, thereby reducing the final size of the rights issue. AI Energy Engineering plans to publish the final placing results and the Net Gain per unplaced Rights Share on 22 May 2026.

The rights issue is proceeding on a non-underwritten basis and remains subject to outstanding conditions. Shareholders and potential investors are urged to tread carefully, as the rights issue or subsequent placing may not complete if the conditions are unmet.