Fullshare terminates Subscription Agreement II amid share price decline

• Fullshare amended Subscription Agreement I to loosen New Subscriber I’s six-month lock-up, allowing sales of up to 6,367,639 shares.
• Subscription Agreement II was terminated by mutual consent, citing weaker market conditions and a sharp share-price decline.
• Expected gross proceeds from the remaining subscription were cut to HK$ 75.6 million; net proceeds seen at about HK$ 75 million.
• Net subscription price was revised to HK$ 1.042 per share.
• Proceeds earmarked mainly for debt repayment, with the balance for general working capital.

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. Fullshare 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-20260717-12248350), on July 17, 2026, and is solely responsible for the information contained therein.