Zhitong Financial APP News, Jun Tai Holdings (00630) issued a notice that the company received a total of 13 valid applications and acceptance of a total of 171 million rights issue shares under the notice of provisional quota (equivalent to about 35.4% of the total rights issue shares available for subscription under the rights issue). The rights issue will not result in a piecemeal quota of rights issue shares. According to the subscription results, about 313 million rights issue shares have not been subscribed, equivalent to about 64.6 per cent of the total number of rights issue shares available for subscription under the rights issue. As at the record date, there are no excluded shareholders. Therefore, the number of unsold rights issue shares by the excluded shareholders is zero.

313 million unsubscribed rights issue shares (placing shares) (equivalent to about 64.6 per cent of the total number of rights issue shares available for subscription under the rights issue) are related to the placing arrangements, and the board of directors announced that all placing shares (equivalent to 64.6 per cent of the issued shares of the company immediately following the completion of the rights issue) have been successfully placed to not less than six Placees at the placing price of HK $0.10 per placing share (a premium to the subscription price). Therefore, the amount of net income per unsubscribed Rights shares and the excluded shareholders' unsold Rights shares under the compensation arrangement is nil, no net income has been realized and shareholders and excluded shareholders will not receive any net income on Wednesday, 15 February 2023.

All the conditions set out in the prospectus relating to the placing of unsubscribed Rights shares and the exception of shareholders' unsold Rights shares have been fulfilled, and the placing of unsubscribed Rights shares and the excluded shareholders' unsold Rights shares are becoming unconditional on Monday, 30 January 2023. The total amount of money raised from the rights issue (including the placing arrangement) is about HK $48.4 million (before deducting expenses).

Trading in the Rights shares (in the form of fully paid up shares) and the placing shares is expected to commence on the Stock Exchange at 9: 00 a.m. on Thursday, 2 February 2023.