ZENGAME (02660.HK): Subscribes About US$15mn of US Treasury Notes; Aggregated Deals Form a Discloseable Transaction

NewTimeSpace News: On 21 October 2026, Zengame Technology Holding Limited (the "Company") announced that on 21 October 2026 the Group subscribed for treasury notes in the open market through JPMorgan Bank for a total consideration of approximately US$15 million (the "Current Subscription"); as at the date of the announcement, the Group's investments in wealth management products subscribed through JPMorgan Bank that remain outstanding totalled approximately US$41.2 million.

The announcement disclosed that the principal terms of the US Treasury notes under the Current Subscription are: issuer, the US Department of the Treasury; subscription channel, JPMorgan Bank; principal, US$14,956,000; coupon rate, 4.875%; subscription amount, approximately US$15,000,000; yield to maturity, approximately 4.8%; maturity date, 15 October 2029; and interest payment dates, 15 April and 15 October each year. Before the Current Subscription, the Group had an outstanding balance of approximately US$26.2 million in money market funds subscribed through JPMorgan Bank.

The Company stated that, under Rule 14.22 of the Listing Rules, as the transactions under the subscriptions were conducted through the same counterparty (namely JPMorgan Bank), they should be aggregated; as the highest applicable percentage ratio of the aggregated transactions exceeds 5% but is below 25%, the transactions under the subscriptions constitute a discloseable transaction of the Company and are subject to the notification and announcement requirements under Chapter 14 of the Listing Rules, but are exempt from the shareholders' approval requirement. The board considers that rationally and effectively deploying temporary idle funds will enhance the Company's return on capital, which is consistent with its core objective of ensuring capital safety and liquidity and meets the Group's working capital needs for daily operations; US Treasury notes are supported by the credit of the US government, carry relatively low risk and high liquidity, and can provide the Group with stable interest income. The Current Subscription is funded by the Group's own resources and is made on the premise of ensuring funds required for the Group's daily operations; the Group has fully assessed and measured the risks and returns of the subscription and its future funding needs, and the subscription will not affect the normal operation of its daily working capital or the development of its principal business. To the best of the directors' knowledge, information and belief after making all reasonable enquiries, the US Department of the Treasury, JPMorgan Bank and their ultimate beneficial owners are third parties independent of the Company and its connected persons.