XJ International rights issue undersubscribed, placing agent to handle balance

XJ International Holdings Co., Ltd. announced its rights issue, offering 685,414,558 rights shares, was undersubscribed. As of 4:00 p.m. on September 4, 2025, the company received 15 valid acceptances for 444,792,885 rights shares, representing approximately 64.9% of the total. This leaves 240,621,673 rights shares, or approximately 35.1%, to be handled under the Unsubscribed Arrangements.

Pursuant to irrevocable undertakings, Hope Education Investment Limited, Tequ Group (Hong Kong) Company Limited, and Maysunshine Holdings Limited subscribed for 309,796,103, 3,520,224, and 7,467,451 rights shares, respectively. A placing agent has been appointed to offer the unsubscribed shares to independent placees on a best-effort basis by September 15, 2025.

Any premium realized over the subscription price from this placement will be paid pro-rata to No Action Shareholders and Non-Qualifying Shareholders, with net gains of HK$100 or more paid to eligible shareholders. The final results of the rights issue are expected to be published on September 23, 2025.