NEW CONCEPTS (02221) successfully issued a total of 2.3 million shares for subscription.

NEW CONCEPTS (02221) announced that the completion of Subscription Item 3 and Subscription Item 4 has been achieved on October 23, 2025, in accordance with the terms and conditions of Subscription Agreement 3 and Subscription Agreement 4. A total of 1.6 million subscription shares (approximately 0.82% of the total issued share capital of the Company after the issuance) and 700,000 subscription shares (approximately 0.36% of the total issued share capital of the Company after the issuance) have been respectively allotted and issued to Subscriber 3 and Subscriber 4 at a subscription price of HK$1.50 per share. As of the announcement date, Subscriber 1, Subscriber 2, and Subscriber 5 have each failed to fulfill their obligations under the relevant subscription agreements. Therefore, the Company has exercised its right to terminate Subscription Agreement 1, Subscription Agreement 2, and Subscription Agreement 5 (Termination). As a result, Subscription Items 1, 2, and 5 have not been completed. Upon termination, all obligations and liabilities of the Company under the relevant subscription agreements will cease, and Subscriber 1, Subscriber 2, and Subscriber 5 shall not make any claims against the Company.