Hong Kong – 20 May 2026 – Anchorstone Holdings Limited released a clarification on the outcome of its HK$0.105-per-share rights issue, detailing subscription levels, potential changes in shareholder structure and the planned use of funds.

Key takeaways

1. Rights-issue subscription • Valid acceptances covered 559.65 million rights shares, equal to 65.9% of the 849.21 million shares on offer before placing. • Chairman Mr Lui Yue Yun Gary subscribed for 141.99 million rights shares through his certificate holdings, representing HK$14.10 million. These shares will be applied to offset part of his shareholder loan under the agreed Set-off Arrangement.

2. Funding inflow and deployment • Gross proceeds from the 417.65 million rights shares taken up by independent shareholders amount to about HK$43.85 million. • The company will prioritise repayment of approximately HK$41.80 million in overdue bank loans and accrued interest. • Additional funds from placing any of the 289.56 million unsubscribed shares will be channelled to (i) HK$20.30 million of trade and other payables, (ii) HK$0.50 million for general working capital, and (iii) any surplus to reduce the remaining shareholder loan.

3. Impact on controlling shareholding • Pre-placing, Mr Lui’s aggregate holding stands at 32.96%. • If around 84.00 million unsubscribed shares are successfully placed, his stake would dilute to 29.99%, ending his status as a controlling shareholder. • Under a full placement scenario (598.57 million shares), his interest would fall further to 19.33%. The Board states that any cessation of control does not trigger implications under the Takeovers Code.

4. Outstanding shareholder loan • The shareholder loan balance was approximately HK$71.00 million as of the latest practicable date. • After the HK$14.10 million set-off, the outstanding amount would be HK$56.90 million, potentially falling to HK$12.80 million if the placing is fully completed and surplus funds are applied.

5. Operational assessment The Board reports positive feedback to the ongoing placing exercise and believes the funding already secured (HK$43.85 million) is sufficient to fully settle bank debt and accrued interest. Management does not anticipate any material impact on operations, financial position or working capital requirements.

6. Administrative clarification The reduced set-off amount stems from Hong Kong Securities Clearing Company’s requirement for payment on nominee-held shares, limiting Mr Lui’s cashless subscription to only his certificate-held shares. The Board apologised for discrepancies between practical execution and the earlier circular and prospectus.