ALPHA PRO HLDGS (00948) announced that the company proposes to issue 412 million rights shares at a subscription price of HK$0.200 per rights share on the basis of one rights share for every one existing share held by eligible shareholders on the record date (assuming no change in the number of issued shares on or before the record date), thereby raising gross proceeds of up to approximately HK$82.5 million.

The subscription price represents a discount of approximately 19.68% to the closing price of HK$0.249 per share as quoted on the Stock Exchange on the last trading day. Assuming full subscription of the rights issue, the net proceeds from the rights issue after deducting expenses are estimated to be approximately HK$81 million (assuming no change in the number of issued shares on or before the record date).

As of the date of this announcement, the shares are traded on the Stock Exchange in board lots of 20,000 shares. The board of directors hereby announces that the board lot size for trading of the shares on the Main Board of the Stock Exchange will be changed from 20,000 shares to 10,000 shares, effective from 9:00 a.m. on Wednesday, September 2, 2026.