CH CASTSON 81 (00810) announced that as of 4:00 p.m. on Friday, March 27, 2026, the final acceptance deadline, it had received 15 valid acceptances. These applications were for a total of 273 million rights shares, representing approximately 53.7% of the total shares offered under the rights issue. The issue experienced a shortfall of 236 million shares, accounting for about 46.3% of the total offering, which are subject to a compensation arrangement. In accordance with an irrevocable undertaking, Goodchamp subscribed for 8,826.44 rights shares. As all conditions set out in the underwriting agreement have been met and the agreement was not terminated by the underwriter, the rights issue became unconditional as of 4:00 p.m. on Tuesday, April 14, 2026. Goodchamp has taken up all 236 million unsubscribed rights shares as per the terms of the underwriting agreement. The net proceeds from the rights issue are estimated to be approximately HK$49.24 million. As disclosed in the rights issue prospectus, the company intends to allocate the net proceeds as follows: (i) approximately 70% will be used for investments in listed and unlisted securities. This includes, but is not limited to, acquiring equity in target companies engaged in new energy solutions (such as companies primarily involved in photovoltaics, renewable energy, hydrogen energy, energy storage, and related innovative fields), artificial intelligence, and digital asset businesses. These funds are expected to be fully utilized by the end of December 2026; and (ii) approximately 30% will serve as general working capital for the group. This portion is expected to be used by the end of March 2027, covering expenses such as employee costs, professional fees, administrative expenses, and other operational expenditures.
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