PAN ASIA DATA H (01561) enters into a supplementary memorandum of understanding with Power Circles and the investor; trading resumes on October 6.

PAN ASIA DATA H (01561) announces that on September 9, 2026, the Company entered into a memorandum of understanding with Power Circles in respect of the proposed restructuring of the Group. The proposed restructuring will include, among other things, a share consolidation, a subscription, a debt restructuring through a creditor scheme, a change in board lot size, and termination of the share option scheme. Subsequently, the Company, Power Circles and the investor entered into a supplementary memorandum of understanding dated October 5, 2026 to amend the terms of the memorandum of understanding, including the subscription shares, the subscription price, the identity of the investor and the payment terms of the loan. As at the date of this announcement, the investor does not have any interest in any existing shares. The subscription comprises the subscription of 212 million consolidated shares at a subscription price of HK$0.37736 per subscription share, and the Company and the investor shall enter into a subscription agreement on or before December 31, 2026 or such later date as agreed by both parties. Immediately upon completion of the issue of the subscription shares, the investor and its concert parties will have an interest in 212 million consolidated shares, and the shareholding percentage of the investor and its concert parties in the Company will increase to approximately 66.55% (assuming there is no other change in the issued share capital of the Company). The subscription price of HK$0.37736 per subscription share represents a discount of approximately 37.11% to the theoretical closing price of HK$0.60 per consolidated share as quoted on the Stock Exchange on the last trading day (adjusted for the effect of the share consolidation). The Company has applied to the Stock Exchange for the resumption of trading in the Company's shares on the Stock Exchange with effect from 9:00 a.m. on October 6, 2026.