Xinming China delays prospectus dispatch for rights issue

Xinming China Holdings Limited announced a postponement in the despatch of prospectus documents for its proposed rights issue. The rights issue is based on four rights shares for every one adjusted share held at the close of business on the record date, on a non-underwritten basis. The delay is attributed to the ongoing capital reorganisation, which requires court confirmation for the capital reduction. As the rights issue is conditional on the capital reorganisation, and the reorganisation itself is contingent on court approval, additional time is needed to complete the restructuring. A revised timetable for the rights issue will be issued by the Company as soon as practicable. The update refers to previous announcements and a circular related to the capital reorganisation and rights issue.