SANDMARTIN INTL (00482) does not participate in the subscription of Pro Brand Technology (TW) Inc. share offering, diluting its shareholding to approximately 54.2%.

SANDMARTIN INTL (00482) announced that on October 8, 2025, its non-wholly owned subsidiary Pro Brand Technology (TW) Inc. (the target company) board of directors approved a rights issue to its existing shareholders. Under the rights issue, all existing shareholders of the target company have the right to accept and subscribe for new shares of the target company in proportion to their existing shareholding during the offer period (from October 15, 2025 to October 22, 2025). On October 22, 2025, after careful consideration, the company decided not to participate in and subscribe for any new shares under the rights issue. A formal notice was sent to the target company on October 22, 2025 (after trading hours), confirming that the group will not participate in the rights issue. As a result, after the rights issue is completed, the group's equity interest in the target company will be diluted from approximately 59.1% to approximately 54.2%. Pursuant to Listing Rule 14.29, such dilution will be considered as a disposal of equity interest in the target company by the company.