Anchorstone says Mr. Lui loses controlling stake if 84,000,000 rights shares placed

• Anchorstone issued a clarification on its rights issue results, flagging that chairman Lui Yue Yun Gary could lose controlling shareholder status if about 84,000,000 unsubscribed rights shares are placed under the compensatory arrangement, diluting his stake to about 29.99%.
• The board assessed that this dilution alone would not trigger implications under Hong Kong’s Takeovers Code.
• Valid acceptances totaled 559,653,542 rights shares; HK$ 14.1 million of Mr. Lui’s acceptance will be set off, while the remaining HK$ 43.85 million is earmarked mainly to repay about HK$ 41.8 million of overdue bank loans and interest.
• Net placing proceeds, subject to the placing outcome, are expected to go first to about HK$ 20.3 million of trade and other payables, then HK$ 0.5 million of working capital, with any balance used to repay the shareholder’s loan.
• The reduced set-off amount was attributed to an HKSCC requirement for payment to process the nominee-interest PAL, leaving only the certificate-interest PAL eligible for set-off.

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. Anchorstone 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-20260520-12165589), on May 20, 2026, and is solely responsible for the information contained therein.