According to the announcement by Bonny Holding (01906), all the conditions related to the rights issue as set forth in the articles of association have been met, and the rights issue will become unconditional on September 3, 2024 (Tuesday).

At 4:00 pm on September 2, 2024 (Monday), a total of 25 valid applications were received and accepted, involving approximately 0.271 billion shares of the rights issue, accounting for approximately 90.37% of the total number of shares available for subscription under the rights issue of 0.3 billion shares.

In accordance with the irrevocable commitment, Maximax Holding Corporation has accepted and subscribed for approximately 0.1586 billion shares of the rights issue.

The net proceeds from the rights issue is approximately 65 million Hong Kong dollars, with 83.2% to be used for general corporate operating funds, including but not limited to employee costs and supplier fees; 11.4% to be used to purchase necessary equipment for upgrading and replacing outdated or inadequate equipment; and 5.4% to be used for R&D work aimed at creating new products, and to establish new production lines to support such innovations.

The Stock Exchange Listing Committee has approved the listing and trading of the rights issue shares. It is expected that the paid-up shares of the rights issue will begin trading on the Stock Exchange on September 11, 2024 (Wednesday).

The trading unit for trading shares on the Stock Exchange will be changed from 5,000 shares to 10,000 shares per board lot, effective from 9:00 am on September 11, 2024 (Wednesday).