CAI Corp (00080) has delayed the release of its shareholder circular related to the connected transaction for a proposed subscription of new shares under a specific mandate.

The company had originally targeted 22 June 2026 for despatch of the document, which is expected to outline the Subscription Agreement, an Independent Board Committee letter, an Independent Financial Adviser’s opinion and the notice of the extraordinary general meeting.

Additional time is required to finalise certain information, and the circular is now scheduled to be issued on or before 6 July 2026.

The announcement was authorised by the board, which currently comprises Executive Directors Hong Yupeng and Lui Cheuk Hang Henri; Non-Executive Director and Chairman Cai Wensheng; and Independent Non-Executive Directors Professor Li Jin, Hsieh Ya-fang and Li Jianbin.