KARRIE INT'L (01050) has completed the issuance of a total of 65.832 million shares of allocated shares.

KARRIE INT'L (01050) announces that the allotment has been completed on February 2, 2026 in accordance with the terms and conditions of the allotment and subscription agreement. The allotment agent has successfully allotted a total of 65,832,000 shares at HK$2.37 per share to no less than six underwriters. After conducting all reasonable inquiries, the directors are satisfied that the underwriters and their ultimate beneficial owners are all independent third parties. There are no underwriters who would become a major shareholder of the company after the completion of the allotment. As all conditions for the subscription have been met, the company issued and distributed a total of 65,832,000 subscription shares at HK$2.37 per share to the sellers on February 11, 2026, in accordance with the terms and conditions of the allotment and subscription agreement. The net proceeds from the subscription, as well as other expenses related to the allotment and subscription, amount to approximately HK$152 million.