Pa Shun International Holdings has issued a provisional allotment letter detailing a non-underwritten rights issue, following the prospectus dated 11 May 2026. Key terms are as follows:

• Basis of offer: one rights share for every two shares held on the 4 May 2026 record date.

• Subscription price: HK$0.01356 per rights share, payable in full on acceptance.

• Trading timetable: existing shares traded ex-entitlement from 23 April 2026; nil-paid rights shares will trade from 13 May to 20 May 2026.

• Acceptance deadline: 4:00 p.m. on 26 May 2026, with settlement by cheque or banker’s cashier order payable to “Tricor Investor Services Limited – A/C No. 098.”

• Listing: Subject to Hong Kong Exchange approval and HKSCC admission, nil-paid and fully-paid rights shares will be accepted for deposit, clearance and settlement in CCASS, with dealings in fully-paid shares expected to commence on 22 June 2026.

• Conditions: The rights issue must satisfy all precedent conditions, including Stock Exchange listing approval, by 10 June 2026; otherwise it will not proceed.

• Fractional entitlements: will not be issued; aggregated fractions may be sold in the market if a net premium is achievable, reducing the final issue size accordingly.

Shareholders transferring or splitting their provisional allotments must complete the relevant forms and observe Hong Kong stamp-duty requirements. The company reiterates that dealings in shares and nil-paid rights shares before fulfilment of all conditions carry the risk that the rights issue may not become unconditional.