Biosystems Engineering's (01355) share offering was effectively accepted by about 57.09%

According to Zhitong Finance App, Biosystems Engineering (01355) issued an announcement. On the record date, (i) the shares offered for sale under the offer were 597 million shares (shares offered); and (ii) there were no unqualified shareholders, and the number of unsold shares offered by unqualified shareholders was zero. The Board of Directors announced that at 4:00 p.m. on August 18, 2026 (Tuesday) (the final acceptance deadline), a total of 15 valid admissions were received, totaling 341 million shares to be offered, accounting for about 57.09% of the total number of shares offered. As a result, the shares offered were insufficient, and 256 million shares of the offering were not subscribed, accounting for about 42.91% of the total number of shares offered. Such shares will be subject to compensation arrangements.

The Company will make arrangements as described in section 7.21 (1) (b) of the Listing Rules to sell 256 million unsubscribed shares by offering unsubscribed shares to independent undertakers. The proceeds will belong to the shareholders who have received the offer in the form of such offering. On June 24, 2026 (after the trading period), the Company entered into a placement agreement with the placement agent relating to the placement of unsubscribed shares to independent undertakers on a best-effort basis.

According to the placement agreement, the Company appoints a placement agent to place unsubscribed shares to independent undertakers on a best-effort basis during the placement period, and any premium (net income) realized from the placement matters exceeding (i) the subscription price of such shares; and (ii) the total amount of placement agency fees (including any other related costs and fees) will be paid to the relevant inactive shareholders. The placement agent will, on a best-effort basis, induce subscribers to subscribe for all (or as many as possible) of these unsubscribed shares at a price not less than the subscription price before 4:00 p.m. on September 2, 2026 (Wednesday). The Company will not issue any unsubscribed share offering shares that have not been placed under the compensation arrangement and unsold shares offered by ineligible shareholders, and the size of the share offering will be reduced accordingly.

Net income (if any) will be paid to non-acting shareholders in proportion (but rounded down to the nearest cent) in the following manner: A. It is paid to relevant eligible shareholders who have not validly applied for unpaid shares to relevant eligible shareholders who have not validly applied for unpaid shares (or relevant persons holding such unpaid shares for shares at the time of expiration of any unpaid shares); and B. to the relevant ineligible shareholders with reference to their shares with reference to the company's shares on the record date.

If any net income is concerned, any inaction shareholder is entitled to receive an amount of HK$100 or more in accordance with the above criteria, the relevant amount will only be paid to the relevant inactive shareholder in Hong Kong dollars, and individual amounts less than HK$100 will be transferred to the Company.