TA YANG GROUP (01991): Termination of Rights Issue

TA YANG GROUP (01991) announced that, due to the failure to meet the conditions for the rights issue, the rights issue will be terminated immediately. As of the date of this announcement, the company has not issued any securities under the rights issue. The rights issue will not proceed and will be rendered ineffective. The board believes that the termination of the rights issue will not have any significant adverse impact on the business operations or financial condition of the group. The company will continue to explore other fundraising opportunities at the appropriate time to improve the overall financial position of the group.