Beijing Sports and Entertainment prices 281,600,000-share placement at HKD 0.07

• Beijing Sports and Entertainment Industry Group signed subscription agreement on May 11, 2026 to issue 281,600,000 new shares at HKD 0.07 each under general mandate.
• Deal size HKD 20.56 million gross, about HKD 20.5 million net; shares represent about 20% of issued share capital pre-issue, about 16.67% post-issue.
• Subscription price implies 18.89% discount to May 11 close of HKD 0.09; investor Liu Hai to become 16.67% holder on completion.
• Proceeds earmarked mainly for existing money-lending business, overseas expansion, remaining amount for general working capital.
• Completion conditional on Hong Kong exchange approval for listing of subscription shares, with long-stop date June 11, 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. Beijing Sports and Entertainment Industry Group 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-20260512-12155697), on May 12, 2026, and is solely responsible for the information contained therein.