Brightstar Technology Group Co., Ltd — Capital/Financing Update 2024

Apr 30, 2024

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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BRIGHTSTAR TECHNOLOGY GROUP CO., LTD 耀 星 科 技 集 團 股 份 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8446)

COMPLETION OF ISSUE OF NEW SHARES UNDER GENERAL MANDATE

Financial adviser to the Company

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Reference is made to the announcement of Brightstar Technology Group Co., Ltd (the ‘‘Company’’) dated 8 April 2024 (the ‘‘Announcement’’) in relation to the Subscriptions. Unless the context otherwise requires, capitalised terms used herein shall have the same meaning as defined in the Announcement.

COMPLETION OF ISSUE OF NEW SHARES UNDER GENERAL MANDATE

The Board is pleased to announce that the Conditions Precedent under the Subscription Agreements had been satisfied and completion of the Subscriptions took place on 30 April 2024. On 30 April 2024, (i) 32,528,000 Subscription Shares were allotted and issued to Subscriber A; (ii) 32,528,000 Subscription Shares were allotted and issued to Subscriber B; (iii) 16,264,000 Subscription Shares were allotted and issued to Subscriber C; and (iv) 20,168,000 Subscription Shares were allotted and issued to Subscriber D at the Subscription Price of HK$0.165 per Subscription Share.

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EFFECT ON THE SHAREHOLDING STRUCTURE OF THE COMPANY

The table below sets out a summary of the shareholding structure of the Company (i) immediately before the allotment and issue of the Subscription Shares; and (ii) immediately after the allotment and issue of the Subscription Shares:

ST Ma (Note 1) Yuanyu Enterprise Management Co., Limited (Note 2) Mr. Yeung Ho Ting Dennis (Note 3) Ms. Jiang Yu E (Note 3) Mr. Cui Hai Bin (Note 3) Ms. Zhang Yan Ling (Note 3) Sub-total Public Shareholders: Subscriber A Subscriber B Subscriber C Subscriber D Other public Shareholders Sub-total Total	Immediately before the allotment and issue of the Subscription Shares Number of Shares Approximate shareholding percentage (%) 250,611,894 30.82 80,100,000 9.85 36,000,000 4.43 2,994,000 0.37 1,000,000 0.12 1,988,000 0.24 372,693,894 45.83 — — — — — — — — 440,538,000 54.17 440,538,000 54.17 813,231,894 100.00	Immediately after the allotment and issue of Subscription Shares Number of Shares Approximate shareholding percentage (%) 250,611,894 27.40 80,100,000 8.75 36,000,000 3.93 2,994,000 0.33 1,000,000 0.11 1,988,000 0.22 372,693,894 40.74 32,528,000 3.56 32,528,000 3.56 16,264,000 1.78 20,168,000 2.20 440,538,000 48.16 542,026,000 59.26 914,719,894 100.00	Immediately after the allotment and issue of Subscription Shares Number of Shares Approximate shareholding percentage (%) 250,611,894 27.40 80,100,000 8.75 36,000,000 3.93 2,994,000 0.33 1,000,000 0.11 1,988,000 0.22 372,693,894 40.74 32,528,000 3.56 32,528,000 3.56 16,264,000 1.78 20,168,000 2.20 440,538,000 48.16 542,026,000 59.26 914,719,894 100.00
			40.74
			3.56 3.56 1.78 2.20 48.16
			59.26
			100.00

Note:

1. ST Ma is wholly owned by Mr. Ma Lie, the controlling shareholder of the Company.

2. Yuanyu Enterprise Management Co., Limited is wholly owned by Mr. Zhou Hongyu.

3. Mr. Yeung Ho Ting Dennis, Ms. Zhang Yan Ling and Mr. Cui Hai Bin are executive Directors while Ms. Jiang Yu E is an independent non-executive Director.

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USE OF PROCEEDS

The gross and net proceeds from the Subscriptions are approximately HK$16.7 million and HK$16.2 million, respectively. The Company intends to apply the net proceeds for general corporate and working capital purposes.

By Order of the Board Brightstar Technology Group Co., Ltd Cui Hai Bin

Chairman and Executive Director

Hong Kong, 30 April 2024

As at the date of this announcement, the Board comprises three executive Directors, namely, Mr. Cui Hai Bin, Mr. Yeung Ho Ting Dennis and Ms. Zhang Yan Ling; and five independent non-executive Directors, namely, Ms. Jiang Yu E, Mr. Ji Gui Bao, Mr. Li Xiao Hua, Mr. Jiang Peiyan and Mr. Chen Lijun.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the websites of the Stock Exchange at www.hkexnews.hk and of the Company at www.intechproductions.com.

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