Huanxi Media adjusts share and warrant subscription terms

Huanxi Media Group Limited has amended its share subscription agreement, increasing the number of subscription shares to be allotted from 548,470,854 to 727,638,000. These shares will represent approximately 16.60% of the enlarged issued share capital. Concurrently, the warrant subscription agreement was amended to decrease the number of warrants issued from 1,889,000,000 to 731,294,472, representing about 16.67% of the enlarged share capital upon full exercise.

The gross proceeds from the subscription are now expected to be approximately HK$218,290,000, with net proceeds of approximately HK$218,000,000. The gross proceeds from the warrant subscription will be approximately HK$7,313,000, yielding net proceeds of approximately HK$7,100,000. Assuming full exercise of the warrants, an additional gross proceeds of HK$321,770,000 is expected.

The aggregate net proceeds of HK$225,100,000 from the subscription and warrant subscription will be allocated, with HK$100,000,000 for enhancing capabilities in AI and interactive entertainment, HK$50,000,000 for film and TV programme rights, and HK$75,100,000 for general working capital. Trading in the company's shares will resume on the Stock Exchange on Thursday, 13 November 2025.