Madison Holdings reallocates HK$14.99 million rights issue proceeds to settle overdue trade payables

• Madison Holdings issued a supplemental clarification on its change in use of rights-issue proceeds, shifting priority from early debt repayment to overdue trade payables.
• Supplier demands for immediate settlement escalated in June 2026, with written notices in early July warning of legal action if payables stayed unpaid.
• HK$14.99 million had been earmarked to prepay higher-cost borrowings, including a HK$16.99 million loan carrying 12% interest.
• Early repayment of other borrowings will be deferred, though HK$6.79 million is still expected to repay part of those borrowings by end-December 2026.
• No fundraising plan over the next 12 months for early repayment of the remaining balance; borrowings remain scheduled in 38 tranches through April 2028.

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. Madison Holdings Group 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-20260727-12257764), on July 27, 2026, and is solely responsible for the information contained therein.