Hao Bai International (Cayman) Limited (8431) Announces Four-for-One Rights Issue at HK$0.21, Targeting up to HK$38.21 Million

Bulletin Express11-28

Hao Bai International (Cayman) Limited (Stock Code: 8431) has released details of a proposed rights issue, offering four new Rights Shares for every one existing share at a subscription price of HK$0.21 per Rights Share. The maximum of 181,972,000 Rights Shares could raise gross proceeds of approximately HK$38.21 million, with estimated net proceeds of around HK$36.94 million. The Company notes that the issue is on a non-underwritten basis and will reduce in size should not all Rights Shares be taken up or placed.

Under the current timetable, the Extraordinary General Meeting is planned for 18 December 2025, and the Record Date for determining entitlements is set for 2 January 2026. The Company indicates that proceeds are expected to be applied toward settling indebtedness, financing a newly awarded project in Sichuan, and general working capital. Subject to approval by independent shareholders, dealings in fully-paid Rights Shares are anticipated to begin on 10 February 2026.

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