HKC INT'L-NEW announced the final results of its non-underwritten rights issue on the basis of one rights share for every two existing shares. At the 6 March 2026 deadline, 21 valid subscriptions covered 97.38 million rights shares—125.1% of the 77.83 million shares on offer—resulting in an oversubscription of 19.55 million shares, or 25.1%.

Of the total demand, 51.82 million shares (66.6% of the offer) were taken up through provisional allotments, while 45.56 million shares were applied for under the excess application forms. Only 26.01 million excess shares were available, leading to a pro-rata allocation of approximately 57.09% of each applicant’s requested excess amount.

Proceeds and Funding Structure • Gross proceeds based on full subscription amount to HK$21.80 million; initial net proceeds HK$20.90 million. • Pursuant to an irrevocable undertaking, Chairman Hubert Chan settled HK$14.80 million of his subscription (53.02 million shares) by offsetting an equivalent portion of a shareholder loan. • After the set-off, cash gross proceeds total HK$7.00 million and net cash proceeds stand at HK$6.10 million, earmarked for bank-debt repayment. • The outstanding shareholder loan balance falls to HK$2.70 million.

Post-Issue Shareholding • Total shares in issue increase from 155.67 million to 233.50 million. • Hubert Chan’s holding rises from 54.7% to 60.1%; the public float is 34.5%.

Operational Timeline • Share certificates and refund cheques will be dispatched on 17 March 2026. • Trading in fully-paid rights shares will commence on 18 March 2026.

The scale-down mechanism to protect public float and avoid mandatory offer triggers was not required, as no single subscription breached listing or takeover thresholds.