Tesson reallocates HK$19.78 million of share subscription proceeds after China JV plan stalls

• Tesson issued a supplemental clarification to its 2025 annual report on changes in use of proceeds from two HK$0.5-per-share subscriptions.
• From Subscription I net proceeds of HK$49.45 million, HK$19.78 million earmarked for a PRC JV was redirected; HK$22.97 million repaid a disputed Hai Xia loan.
• HK$9 million from Subscription I proceeds funded part of a HK$15 million acquisition of seven Hong Kong EV charging stations; HK$7.59 million shifted to working capital.
• For Subscription II, it clarified HK$570,000 of the HK$5.2 million reported as working capital was actually used for charging-station staffing.
• It updated that a total HK$5.63 million of Subscription II proceeds was reallocated to working capital, with HK$1.58 million still set aside for a potential project.

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. Tesson Holdings 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-20260804-12271901), on August 04, 2026, and is solely responsible for the information contained therein.