Most Kwai Chung Limited (Most Kwai Chung) signed a second supplemental agreement with Maxa Asset Management on 10 August 2026 to revise the terms of its ongoing share placement.

Key Changes 1. Placing Price • Reduced from HK$4.63 to HK$3.75 per share, representing: – a 15.64% discount to the 10 August closing price of HK$4.445; – an 18.83% discount to the five-day average closing price of HK$4.62; – an 18.53% discount to the ten-day average closing price of HK$4.603. • The estimated net placing price, after deducting related costs, is HK$3.71 per share.

2. Long-Stop Date • Extended by 21 days, from 10 August 2026 to 31 August 2026.

3. Other Terms • Number of placing shares and all other provisions of the original agreement remain unchanged. • Completion must occur within five business days after all conditions are fulfilled or waived.

Expected Proceeds Based on the earlier adjusted placing price of HK$4.63, gross proceeds were estimated at HK$202.50 million and net proceeds at HK$200.20 million. The company will announce the final use of proceeds after completion.

Strategic Rationale The board states that the placement aims to strengthen liquidity, broaden the shareholder base, and optimise the capital structure. The directors deem the revised terms fair and reasonable and aligned with shareholder interests.

Completion of the placement remains conditional; shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.