GUMING (01364): Partial exercise of oversubscribed rights issue, stabilization period ends.

GUMING (01364) announced that on March 9, 2025 (Sunday), the oversubscription rights as stated in the prospectus have been partially exercised by the overall coordinator on behalf of the international underwriters at a price of 9.94 Hong Kong dollars per share, involving a total of 21.8692 million shares, representing approximately 12% of the total shares available for subscription under the global offering after taking into account the exercise of the adjustment rights but before any oversubscription rights are exercised, to make up for the oversubscription in the international offering. According to the stock borrowing agreement between Goldman Sachs International and Modern Leaves Limited, Goldman Sachs International has borrowed 27.3604 million shares from Modern Leaves Limited to make up for the oversubscription in the international offering. The oversubscribed shares will be used to facilitate the return of the borrowed shares to Modern Leaves Limited. In accordance with Section 571W of the Securities and Futures (Stabilizing Price) Rules in Hong Kong, the company announced that the stabilizing price period for the global offering ended on March 9, 2025 (Sunday) (i.e. 30 days after the deadline for submission of the Hong Kong public offering application).