China MeiDong Extends Deadline to Use Remaining HK$ 506 Million in Placing Proceeds to End-2028

• China MeiDong Auto extended the expected use of its remaining HK$ 506 million in January 2023 placing proceeds to end-2028.
• The extension reflects a shift toward recurring working capital needs, with spending funded from multiple sources rather than solely from placing proceeds.
• Staff costs will receive approximately HK$ 354.2 million, representing 35% of total net placing proceeds.
• Short-term lease expenses and other lease payments will receive approximately HK$ 101.2 million, or 10% of total net proceeds.
• Inventory purchases will receive approximately HK$ 50.6 million, representing 5% of total net proceeds.

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. China MeiDong Auto Holdings 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-20261113-12412906), on November 13, 2026, and is solely responsible for the information contained therein.