Hong Wei Asia proposes 4-for-1 rights issue at HK$ 0.13 per share

• Hong Wei (Asia) Holdings proposed non-underwritten rights issue of up to 294,873,692 shares on 4-for-1 basis at subscription price HK$ 0.13, targeting gross proceeds of about HK$ 38.33 million.
• Shares trade ex-entitlement from May 28, 2026; nil-paid rights expected to trade June 10-17, 2026; latest time for acceptance set at 4:00 p.m. on June 23, 2026.
• Unsubscribed rights slated for best-efforts placing to independent placees under compensatory arrangements; any rights not placed will not be issued, reducing deal size.
• Completion hinges on independent shareholder vote at May 26, 2026 EGM, prospectus registration, listing approvals for nil-paid and fully paid rights, no termination of placing agreement; long stop set for July 13, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hong Wei Asia Holdings Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260505-12146994), on May 05, 2026, and is solely responsible for the information contained therein.