According to the Zhitong Finance App, Gangwan Digital (00913) announced that (i) there were no ineligible shareholders on the record date; and (ii) at 4:00 p.m. on September 30, 2026 (Wednesday) (that is, the final acceptance period), it has received a total of 13 valid applications for a total of 136 million shares offered for sale (equivalent to about 25.6% of the total number of shares offered for sale). The remaining 396 million unsubscribed shares (equivalent to about 74.4% of the total number of shares offered for sale under the offer) will be subject to compensation arrangements.
In accordance with section 7.21 (1) (b) of the Listing Rules, the Company has made arrangements to sell 396 million unsubscribed shares by submitting them for sale to independent undertakers to protect the interests of shareholders submitting shares to them by borrowing shares. As disclosed in the Articles of Association, the Company and the Placing Agent entered into a placement agreement on May 26, 2026 (as supplemented by another agreement dated August 7, 2026), which states that during the placement period unsubscribed shares will be placed to independent undertakers on a best-effort basis, and any premium realized in excess of the subscription price of such offering shares will be paid in proportion to such inactive shareholders. The placement agent will induce the acquirer to subscribe for all (or as many as possible) of such unsubscribed shares from October 9, 2026 (Friday) to October 22 (Thursday) under any circumstances, on a best-effort basis.
Net income (if any) will be paid in proportion to the 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) (without interest) by reference to the number of shares that have not validly applied for unpaid shares.
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. The Company will not issue any unsubscribed shares that have not been placed under the compensation arrangement, and the size of the offering will be reduced accordingly. The Company will separately announce the results of the share offering on October 29, 2026 (Thursday) in accordance with the anticipated schedule of the offering and placement matters set out in the Articles of Association, including the results of the placement of unsubscribed shares and the amount of net proceeds of each unsubscribed share under the compensation arrangement.