Shanghai International Shanghai Growth Investment Limited (Shanghai Growth) has successfully concluded its 3-for-8 non-underwritten rights issue, achieving a 99.99% subscription rate and raising gross proceeds of approximately US$0.58 million.

Key results • Valid acceptances: 2.62 million Rights Shares, representing about 55% of the 4.81 million shares on offer. • Compensatory placements: 2.19 million unsubscribed shares were fully placed on a best-efforts basis to three independent investors—Chan Ho (595,800 shares), Yu Sui Lin (728,200 shares) and Yield Best Holdings (863,000 shares)—at US$0.12 per share, matching the subscription price. • Overall allotment: 4.81 million Rights Shares issued, equal to 99.99% of the total offered. • Net proceeds: roughly US$0.55 million after expenses.

Use of funds • 80% (about US$0.44 million) earmarked to expand exposure to high-quality, dividend-paying equities in sectors such as telecommunications and technology. • 20% (about US$0.11 million) allocated to general working capital, including operating and administrative expenses.

Post-issue ownership • Total issued shares increased from 12.82 million to 17.63 million. • Embition Holdings remains the largest shareholder with 14.70% (2.59 million shares). • Independent placees now collectively hold 12.40% following the compensatory placements. • Public float stands at 56.21%, down from 59.32% pre-issue.

Timetable • Rights Shares became unconditional on 13 March 2026. • Share certificates will be dispatched by 23 March 2026. • Trading in fully-paid Rights Shares is scheduled to start on 24 March 2026.

Following the completion of the transaction, Shanghai Growth has strengthened its capital base to support its investment strategy while preserving a diversified shareholder structure.