TEAMWAY INTL GP (01239) plans to issue 394.562 million subscription shares to Zhang Hong at a premium of about 8.25%

According to Zhitong Finance App, TEAMWAY INTL GP (01239) announced that on December 10, 2025, the company signed a subscription agreement with the subscriber Shenghai International Industrial Investment Pte.Ltd., which conditionally agreed, and the company conditionally agreed to issue a total of 39.4562 million subscribed shares. The subscription price was HK$0.341 per subscription share.

The subscribed shares are equivalent to approximately 10.00% of the Company's current issued share capital at the date of this announcement, and is equivalent to approximately 9.09% of the Company's issued share capital after the expansion of the subscribed shares (assuming that there is no other change in the total number of shares from the date of this announcement until the date of completion). After deducting related expenses, the net proceeds from the share subscription are estimated to be approximately HK$13.4 million and are intended to be used by the Company as the general working capital of the Group.

The subscription of HK$0.341 per share is determined by the Company and the Subscriber in consultation with the Subscriber in accordance with the principles of fairness after reference to the current market price of the shares and the Group's prospects. Subscription price comparison: shares have a premium of approximately 8.25% per share at the closing price of HK$0.315 per share on the date of the subscription agreement; and the average closing price of shares of HK$0.310 per share on the last five consecutive trading days immediately before the date of the subscription agreement is approximately 10.00%.

The Board of Directors believes that the share subscription matter is a good opportunity to further increase capital and expand the Company's shareholder base, thereby increasing the circulation of shares and strengthening the Group's financial position. Furthermore, the board of directors believes that considering the time and cost involved in raising capital, compared to other equity fund-raising activities, share subscription matters are the preferred method of raising capital. After deducting related expenses, the net proceeds from the share subscription are estimated to be approximately HK$13.4 million and are intended to be used by the Company as the general working capital of the Group.

The subscriber is an investment holding company incorporated in Singapore. As of the date of this announcement, the subscriber is wholly owned by Mr. Zhang Hong, a Chinese citizen and businessman.