SUNDART HLDGS Raises HK$14.20 Million via Share Placement, Public Float Restored to 25.02%

Bulletin Express05-21

SUNDART HLDGS announced the completion of its new-share placement on 21 May 2026, fulfilling all conditions under the amended Placing Agreement. A total of 22.00 million shares—equivalent to 1.01% of the enlarged share capital—were issued at HK$0.66 per share, generating net proceeds of approximately HK$14.20 million.

The shares were allocated to not fewer than six independent placees, none of whom became substantial shareholders. Post-placement, the company’s share capital increased to 2.18 billion shares, up from 2.16 billion.

Revised shareholding structure: • Reach Glory International Limited: 58.78% (unchanged in absolute shares) • Caiyun International Investment Limited: 16.20% • Public shareholders (excluding placees): 24.01% • New placees: 1.01%

The placement lifted the public float from 24.26% to 25.02%, meeting the minimum threshold required by Hong Kong Listing Rule 13.32B(1).

Management intends to allocate the net proceeds to project costs for 2026 fitting-out contracts—including material procurement and subcontracting—with full deployment targeted by 31 December 2026.

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