Xinming China completes HK$4.7 rights issue, issues 22,543,464 shares

• Xinming China completed a 6-for-1 rights issue at HK$ 4.7 per share, issuing 22,543,464 rights shares.
• Valid acceptances covered 7,912,438 rights shares, or 35.1% of the offer.
• Placed 14,631,026 unsubscribed rights shares to at least six placees at HK$ 4.7, leaving no net gain for non-participating holders.
• Gross proceeds totaled about HK$ 106 million; net proceeds about HK$ 101.4 million, mainly earmarked for debt and payables reduction.
• Dealings in fully paid rights shares expected to start Aug. 4.

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. Xinming China 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-20260731-12265192), on July 31, 2026, and is solely responsible for the information contained therein.