According to the Zhitong Finance App, Highland Co., Ltd. (01676) issued an announcement. At 4:00 p.m. on July 10, 2026 (Thursday) (that is, the final acceptance period for shares offered), a total of 3 valid acceptance letters were received, involving a total of 22.3472 million shares offered, accounting for about 16.99% of the total number of shares available for subscription under the share offering. There will be no piecemeal quotas for shares offered under the share offering. As a result, the number of unsubscribed shares was 109 million, accounting for about 83.01% of the total number of shares available for subscription under the share offering.
At the record date, there were no ineligible shareholders, and the number of unsold shares offered by unqualified shareholders was zero.
According to the above valid acceptance results, the total number of unsubscribed shares offered under the compensation arrangement should be 109 million shares offered.
Since there are no additional application arrangements for the share offering, the Company has made the arrangements described in section 7.21 (1) (b) of the Listing Rules to sell these unsubscribed shares by submitting 109 million unsubscribed shares to independent undertakers, to benefit shareholders who have received offers of shares as a result of the share offering.
The Company has appointed a placement agent and entered into a placement agreement with the placing agent to place unsubscribed shares to independent undertakers on a best-effort basis. Any premium realized above (i) the subscription price of such shares offered; and (ii) the total costs of the placement agency (including any other related expenses/fees) will be paid pro rata to the inactive shareholders.
The placement agent will, on a best-effort basis, induce the acquirer to subscribe for all (or as many as possible) of such unsubscribed shares between July 24, 2026 (Friday) and in any event no later than 4:00 p.m. on July 30, 2026 (Thursday).
The Company will not issue unsubscribed shares that have not been placed even after the placement arrangement has been completed, and the size of the offering will be reduced accordingly.
Net income (if any) will be paid pro-rata (without interest) to non-acting shareholders (based on all unsubscribed shares and unsold shares by unqualified shareholders), as set out below: A. Eligible shareholders who have not subscribed to purchase shares (whether part or all) under the provisional quota notice and their assignees; B. persons holding any unpaid share payment rights at the time of expiration of the unpaid share rights; and C. relevant unqualified shareholders' rights to sell unpaid shares Ineligible shareholders.
Proposed net proceeds (HK$100 or more) paid to any inactive shareholder mentioned in “A” to “C” will only be paid to them in Hong Kong dollars, and individual amounts of less than HK$100 will be transferred to the Company. Shareholders should be aware that net income may or may not be realized, so inaction shareholders and ineligible shareholders may or may not receive any net income.