AI Energy Engineering Holdings Limited (AI ENERGY E-2K, 01751) disclosed that its ongoing rights issue has attracted limited investor participation to date. As of the 4:00 p.m. deadline on 2 October 2026, the company had received just one valid application, covering 6.42 million Rights Shares—approximately 5.5% of the total 116.48 million shares on offer (two Rights Shares for every five existing shares).

Consequently, 110.06 million Rights Shares, or 94.5% of the issue, remain unsubscribed. In accordance with Rule 7.21(1)(b) of the Hong Kong Listing Rules, these shares will be offered to independent placees via a best-effort placing arrangement. The appointed placing agent has until 4:00 p.m. on 14 October 2026 to sell the Unsubscribed Rights Shares at not less than the original subscription price.

Any excess proceeds—the difference between the placing price and both the subscription price and related placing expenses—will be distributed pro rata (rounded down to the nearest cent) to: • Qualifying shareholders whose provisional allotments were not fully taken up, and • Non-qualifying shareholders based on their holdings on the record date, provided the calculated entitlement equals or exceeds HKD 100. Amounts below this threshold will be retained by the company.

Rights Shares that remain unplaced after the compensatory process will be cancelled, thereby reducing the final size of the capital raise. AI Energy plans to publish the final results of the Rights Issue, including placing outcomes and any net gain per unplaced share, on 21 October 2026.

Management reiterated that both the Rights Issue and the placing remain subject to the fulfilment of stated conditions; failure to meet these conditions could halt either transaction. As the Rights Issue is non-underwritten and carries no minimum fund-raising threshold, shareholders are cautioned that the final number of shares issued may be materially lower than initially proposed.