C&N Holdings Board Proposes Five-for-One Rights Issue to Raise HKD 41.7 Million

• C&N Holdings' board proposed a capital reorganization and rights issue to strengthen liquidity, subject to shareholder approval.
• The reorganization includes a one-for-five share consolidation, followed by a capital reduction lowering par value from HKD 1 to HKD 0.01.
• The non-underwritten rights issue offers five shares per adjusted share at HKD 0.25 each, raising up to approximately HKD 41.7 million.
• Estimated net proceeds of HKD 39.8 million would fund working capital, employee salaries and rental expenses.

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. C&N 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-20261102-12395205), on November 02, 2026, and is solely responsible for the information contained therein.