• Madison Holdings redirected HK$8.2 million of remaining rights-issue proceeds to settle overdue supplier payables in its wine and spirits business.
• Moves to reduce litigation risk, limit disruption, protect operating relationships, preserve reputation amid threats of legal action tied to overdue balances.
• Plans to apply HK$4.38 million of remaining proceeds to repay a 12% loan by end-2026, maintaining an early-settlement strategy.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Madison Holdings Group Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260720-12249494), on July 20, 2026, and is solely responsible for the information contained therein.