SHUN WO GROUP (01591) announced that all conditions related to the rights issue as set out in the rights issue circular have been fulfilled, and the rights issue became unconditional on or before 4:00 p.m. on Monday, January 26, 2026. As of 4:00 p.m. on Friday, January 23, 2026 (the final acceptance deadline): (i) valid acceptances for a total of 75.8436 million provisionally allotted rights shares were received from 16 applications, representing approximately 56.9% of the 133 million rights shares available under the rights issue; and (ii) valid applications for an additional 78.4521 million rights shares were received from 16 applications, representing approximately 58.8% of the 133 million rights shares available under the rights issue. In summary, a total of 32 valid acceptances and applications for a combined 154.2957 million rights shares were received, representing approximately 115.7% of the 133 million rights shares available under the rights issue. Consequently, the rights issue was oversubscribed by 20.9623 million rights shares, representing approximately 15.7% of the 133 million rights shares available under the rights issue. In light of the valid acceptances for the shares provisionally allotted under the provisional allotment letters, 57.4897 million rights shares (approximately 43.1% of the total number of rights shares offered) were available for subscription pursuant to the excess application forms. As the number of rights shares available for excess application was insufficient to satisfy all valid applications for a total of 78.4521 million additional rights shares made under the excess application forms, the allocation of the 57.4897 million rights shares to qualifying shareholders who applied for additional rights shares was conducted on a fair and equitable basis, as far as practicable, by scaling down applications pro-rata according to the number of additional rights shares applied for under each application. No reference was made to the number of rights shares applied for through the provisional allotment letters or the number of existing shares held by the qualifying shareholders. Furthermore, no priority was given to applications that would result in the rounding up of odd lots. In this connection, the Board resolved to allot and issue 57.4897 million rights shares on a pro-rata basis to those persons who had applied for additional rights shares, representing approximately 73.3% of the total number of additional rights shares applied for under the excess application forms (i.e., 78.4521 million rights shares).