ALPHA PRO HLDGS (00948) plans to conduct a rights issue at a discount of approximately 19.68% on a "1 for 1" basis, raising net proceeds of about HK$81 million.

ALPHA PRO HLDGS (00948) announced that the company proposes to issue one rights share for every existing share held by qualifying shareholders on the record date, at a subscription price of HK$0.200 per rights share, totaling approximately 412 million rights shares (assuming there is no change in the number of shares issued on or before the record date), to raise gross proceeds of up to approximately HK$82.5 million. The subscription price represents a discount of about 19.68% to the closing price of HK$0.249 per share reported on the Stock Exchange on the last trading day. Assuming the rights issue is fully subscribed, the net proceeds from the rights issue, after deducting expenses, are estimated to be approximately HK$81 million (assuming there is no change in the number of shares issued on or before the record date). As of the date of this announcement, the trading board lot size of the shares on the Stock Exchange is 20,000 shares. The Board hereby announces that the board lot size for trading on the main board of the Stock Exchange will be changed from 20,000 shares to 10,000 shares, effective from 9:00 a.m. on September 2, 2026 (Wednesday).