Group 1 - The company, Crown Global Group (00727), proposed a rights issue of up to approximately 954 million shares at a ratio of "1 for 3" at a price of HKD 0.65 per share, representing a discount of about 19.75% compared to the last closing price of HKD 0.81 [1] - If fully subscribed, the rights issue is expected to raise approximately HKD 618 million, which will be used entirely for the development of a land parcel [1] - The land is located in Qianhai New District, Shenzhen, China, covering an area of approximately 8,720 square meters, and was acquired by the company for RMB 85 million on August 20, 2025 [1] Group 2 - The company plans to develop the land into two residential towers with a total construction area of approximately 71,000 square meters [1] - The total estimated development cost for the project is around RMB 1.6 billion, with the company negotiating to pay no more than RMB 600 million as the initial construction cost, with the remaining balance to be paid after property sales [1]

Group 1 - The company, Crown Global Group (00727), announced a proposed rights issue of up to approximately 954 million shares at a basis of "1 for 3" [1] - The subscription price for each rights share is HKD 0.65, representing a discount of about 19.75% compared to the last closing price of HKD 0.81 [1] - If fully subscribed, the net proceeds from the rights issue are expected to be approximately HKD 618 million, which will be used entirely for the development of land [1] Group 2 - The land in question is located in Qianhai New District, Shenzhen, Guangdong Province, with a total area of approximately 8,720 square meters [1] - The land was acquired by the company from an independent third party for RMB 85 million, with the acquisition date set for August 20, 2025 [1] - The company plans to develop the land into two residential buildings, comprising a total construction area of approximately 71,000 square meters [1] Group 3 - The total estimated development cost for the project is approximately RMB 1.6 billion [1] - The company has negotiated with a construction company to pay an initial construction cost of no more than RMB 600 million, with the remaining balance to be paid after the property sales [1]