Metaspacex Limited (Stock Code: 01796) issued a voluntary announcement on 17 March 2026 detailing the latest legal developments surrounding its previously proposed allotment of 16.70 million new shares.

On 5 March 2026, the Company was served with a writ of summons seeking a permanent injunction to halt the allotment. A follow-up inter partes summons dated 10 March 2026 asked the court to restrain Metaspacex from proceeding with the share issuance. The hearing was held on 13 March 2026, and the court declined to grant the requested injunction.

The Board stated that the legal proceedings have not had, and are not expected to have, any material adverse effect on the Group’s business operations or financial position. Nonetheless, shareholders and potential investors are advised to exercise caution when dealing in the Company’s securities.

The announcement was signed by Chief Executive Officer and Executive Director Mr. Kang Ruipeng. As of the announcement date, the Board comprises two executive directors and three independent non-executive directors.