According to the announcement by Eminence Ent (00616) on Zhitong Finance and Economics APP, the company proposes to issue up to 0.676 billion new shares for subscription at a subscription price of HKD 0.092 per share of the existing shares held per record date, based on the benchmark of issuing 2 bonus shares for every 1 share held. This is to raise approximately HKD 62.2 million (before deductions of expenses). The rights issue is only available to eligible shareholders and will not be extended to ineligible shareholders.

The subscription price represents a discount of approximately 8.00% compared to the closing price of HKD 0.100 per share on October 15. Assuming no change in the number of existing shares issued by the record date and no issuance of new shares (except for the bonus shares) before or upon completion of the rights issue, it is suggested that based on the rights issue, the temporarily proposed issuance of 0.676 billion new shares equivalent to about 200.00% of the company's issued share capital as of the announcement date, will represent approximately 66.67% of the total issued shares after the issuance of the rights shares.