HARBOUR DIGITAL ASSET CAPITAL LIMITED (HARBOUR DIGITAL, 00913) unveiled a non-underwritten rights issue that could raise up to HK$74.50 million before expenses.

Key Terms • Basis: Three rights shares for every two existing shares held on the 15 September 2026 record date. • Issue Size: Up to 532.23 million new shares, expanding issued share capital to 887.05 million shares. • Subscription Price: HK$0.14 per share, a 19.1% discount to the HK$0.173 closing price on the 26 May 2026 announcement day and an 84.4% discount to the HK$0.90 audited NAV per share at 31 December 2025. • Trading Window: Nil-paid rights trade 18–25 September 2026; last acceptance and payment by 4:00 p.m. on 30 September 2026. • Listing: Dealings in fully-paid rights shares to start 2 November 2026, subject to Stock Exchange approval.

Fund-Raising Structure The offering is not underwritten. Unsubscribed or non-qualifying entitlements will be placed on a best-efforts basis by Suncorp Securities. Any premium (net of expenses) from this placing will be distributed pro rata to relevant non-participating and ineligible shareholders. If placing is unsuccessful, the rights issue will downsize accordingly.

Use of Proceeds (net ~HK$73.10 million) • Approximately HK$32.00 million: Investment in listed equities in Hong Kong, the PRC and the United States. • Approximately HK$35.00 million: Investment in listed and/or unlisted corporate debt securities in Hong Kong and the United States. • Approximately HK$6.10 million: General working capital (audit fees, directors’ fees, salaries, investment manager fees, rent, printing) through 31 March 2028.

Shareholding Impact If fully subscribed, existing shareholders’ percentage holdings will remain unchanged, but the enlarged share base will dilute earnings per share. Failure to take up entitlements will reduce individual ownership; an investor holding 1.00% pre-issue who foregoes rights could see its stake fall to 0.40% if none of the unexercised rights are placed.

Financial Position At 30 June 2026 HARBOUR DIGITAL reported unaudited consolidated net tangible assets of HK$319.51 million (HK$0.90 per share). Post-issue NTA is estimated at HK$392.64 million, or HK$0.44 per share, assuming full subscription and net proceeds of HK$73.14 million.

Strategic Rationale Management cites the company’s cash balance of HK$10.00 million at 31 December 2025 as insufficient to capture investment opportunities. The additional capital is intended to strengthen the balance sheet and fund medium- to long-term investments aligned with the firm’s mandate.

Key Risks and Conditions • Rights issue requires Stock Exchange approval for listing of new shares and satisfaction of customary conditions by 23 October 2026. • As the offer is non-underwritten, there is no minimum fund-raising threshold; the final amount may be lower if take-up or placing is weak. • Shareholders trading nil-paid rights between 18–25 September 2026 bear the risk of the transaction lapsing if conditions are unmet.

Timeline Highlights • 18 September 2026: First day of nil-paid rights trading. • 30 September 2026 (4:00 p.m.): Final acceptance and payment deadline. • 29 October 2026: Results announcement, including any net gain distribution. • 2 November 2026: Commencement of trading in fully-paid rights shares.

Advisers • Placing Agent: Suncorp Securities Limited (3% placing commission). • Custodian: Chong Hing Bank Limited. • Auditor & Reporting Accountant: Elite Partners CPA Limited.

HARBOUR DIGITAL emphasizes that shareholders should exercise caution when dealing in existing shares or nil-paid rights until fulfillment of all conditions is confirmed.