Reach New clarifies HK$2.6 million placing proceeds fund initial money lending capital

• Reach New issued a supplemental clarification on its planned placing, framing it as funding for a new Hong Kong money-lending business while keeping HK$ 13.2 million of unutilized proceeds from 2020-2025 placings earmarked for their original uses.
• Must Win Finance, an indirect wholly owned unit, obtained a money lenders license in Hong Kong on May 7, 2026.
• Net proceeds from the placing are expected at about HK$ 4.7 million, with HK$ 2.6 million set aside as initial lending capital and HK$ 2.1 million for working capital tied to the rollout, including staffing, IT systems, setup, and marketing.
• Target borrowers include individuals and SMEs in Hong Kong, with expected loan interest rates of about 10% to 30%.
• Loan book size is forecast at about HK$ 20 million in the first year, rising to about HK$ 30 million in the second year, subject to funding and credit outcomes.

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. Reach New Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260519-12164208), on May 19, 2026, and is solely responsible for the information contained therein.