Huaqin Co.,Ltd.(03296): Oversubscribed rights issue received exercise by several banks, stabilization period ends.

Huaqin Co., Ltd. (03296) announced that the oversubscribed rights issue as stated in the prospectus has been fully exercised on May 20, 2026 (Wednesday) by the sponsor and overall coordinator (on behalf of itself and the international underwriters), involving a total of 8,782,200 H shares, representing approximately 15.0% of the total number of shares available for subscription under the global offering (before any exercise of oversubscribed rights). The oversubscribed shares will be issued by the company at a price of HK$77.70 per H share. The oversubscribed shares will be used to assist in the delivery of H shares to the underwriters who have agreed to delay the delivery of their subscribed shares under the global offering. Furthermore, the stabilization period for the global offering ended on May 20, 2026 (Wednesday) (30 days after the deadline for submitting the Hong Kong public offering application). During the stabilization period, the stabilization manager did not engage in any buying or selling of H shares in the market for stabilization purposes.