Reach New Proposes Three-for-One Rights Issue to Raise Up to HKD 44.1 Million

• Reach New Holdings shareholders will vote November 26, 2026, on a proposed three-for-one rights issue at an extraordinary general meeting.
• The non-underwritten offering would issue up to 220,680,000 rights shares at HKD 0.2 each, raising approximately HKD 44.1 million gross.
• Shareholders will also consider increasing authorized share capital to HKD 200 million from HKD 20 million to facilitate the offering.
• Net proceeds of approximately HKD 43.1 million would fund functional garment production, money lending operations and general working capital.
• The board, including the independent board committee, considers the rights issue in the interests of the company and shareholders as a whole.

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-20261104-12399543), on November 04, 2026, and is solely responsible for the information contained therein.