KINGBOARD HLDG (00148) plans to discount approximately 8.7% of the shares of KB LAMINATES, with a maximum of 130 million shares for sale.

KINGBOARD HLDG (00148) announcement, on March 18, 2026 (before trading hours), the company entered into a bulk trading agreement with the placing agent. According to this, the company has agreed to sell up to 130 million shares of sales shares to the placing agent at a selling price. The sale shares will account for approximately 4.15% of the total issued share capital of KB LAMINATES as of the date of this announcement. The selling price of 21.00 Hong Kong dollars per share is equivalent to a discount of approximately 8.7% compared to the closing market price of KB LAMINATES shares on the Hong Kong Stock Exchange on March 17, 2026, which was 23.00 Hong Kong dollars per share. Upon completion of the sale and assuming all sale shares are successfully placed, the direct and indirect ownership of issued shares of KB LAMINATES by the group will decrease from approximately 71.10% to around 66.95%. Therefore, after the completion of the sale, KB LAMINATES will still be a subsidiary of the company, and its financial performance will continue to be consolidated in the group's financial statements. After deducting transaction costs and expenses, the net proceeds from the sale are estimated to be around 2.72 billion Hong Kong dollars, intended for use as general working capital for the group. The sale is expected to improve the group's overall liquidity position, providing additional financial resources to support its ongoing operations and future development.