VATE.RT Subscription Rights

RTS INNOVATE CORP (VATE.RT) announced a subscription rights offering. VATE.RT holders may exercise rights to purchase 0.2858 shares of Common Stock at a subscription price of USD 0.70 per whole share. In addition, holders will need to exercise a minimum of four (4) rights to receive 1 whole common share. Participants will not be able to exercise less than 4 rights. Participants are advised to obtain the PROSPECTUS dated 08/03/2024 and related supplement for more details on the subscription price. Participants should consult their tax advisor for complete details in reference to withholding taxes.

Option (1): Take no action [Default option]

Option (2): EXERCISE RIGHTS, to purchase 0.2858 shares of Common Stock at a subscription price of USD 0.70 per whole share. Holders will need to exercise a minimum of four (4) rights to receive 1 whole common share. Any fractional shares of common stock will be rounded down to the nearest whole share.

The deadline to submit instructions for exercise will be 19/03/2024@ 16:00 (HONG KONG GMT+8).

Please fill in the following information and use the registered email address of Futu to send an email to cs@futuhk.com.

1. Account Number:
2. Name: (In Chinese or English)
3. Stock code: VATE.RT
4. Options: (1) or (2)
5. Number of shares participating in corporate actions:

Note to applicants:
1. For shareholders holding less than 1 share of VATE.RT, they cannot participate in related corporate actions.
2. Option (1) is the default option. We will help clients to choose option (1) if have not received clients’ emails.
3. Once the relevant application is submitted, the stocks participating in the company's actions cannot be traded and the application cannot be withdrawn.
4. This corporate action does not accept additional applications, the maximum number of applications that a client can apply for does not exceed the number of eligible shares it holds.
5. The pending orders and unsettled shares will not be accepted for the time being.
6. Please confirm that the account funds are sufficient to pay the relevant fees of this corporate action. Otherwise, we will not bear any responsibility for the failure of your application.
7. If there is any update, all the information released by the listed company shall prevail.

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