Haichang Ocean Park Holdings Ltd. (Stock Code: 2255) has completed the subscription of 5,100,000,000 new shares at HK$0.45 each under a specific mandate, as final conditions were fulfilled on 17 October 2025. The newly issued shares represent approximately 62.85% of the existing share capital before completion and around 38.60% afterward, increasing the total issued shares from 8,114,002,000 to 13,214,002,000. The net proceeds of about HK$2,284 million are earmarked 20% for daily operations and working capital, 40% for core business development, and 40% for debt repayment.

Following the subscription, shareholding changes include the Subscriber holding 5,100,000,000 shares, equivalent to 38.60% of the total. Zeqiao Holdings Limited remains a significant shareholder with 3,837,231,048 shares (about 29.04% of the enlarged share capital). Mountain Tai Apollo Investment Limited and ORIX Asia Capital Limited now hold 786,768,000 and 400,000,000 shares, respectively, moved to the public shareholder category.

The company has also implemented a series of board changes. Several directors, including the former chairman and chief executive officer, stepped down. Their resignations took effect as of this announcement date. Meanwhile, one existing executive director has been re-designated to a non-executive role. The company has appointed three new executive directors, namely Messrs. Yu Faxiang (who also becomes chairman and CEO), Ouyang Ming, and Zhan Xinwei, along with two new non-executive directors, Mr. Lai Zhilin and Ms. Yu Honghua. This reshuffle has also brought changes to key board committees.

The resignation of one of the previous authorized representatives has prompted a new appointment. Mr. Zhan replaces the outgoing authorized representative, effective immediately.