Zhiyuan Holdings (00990) plans to discount about 1.4% and issue a total of 515 million new shares to raise about HK$355.3 million

Zhitong Finance App News, Zhiyuan Holdings (00990) issued an announcement. On December 18, 2025, the company signed subscription agreements with no less than six subscribers. According to this, the subscribers have agreed to subscribe and the company has agreed to allocate and issue a total of 515 million new shares to the subscribers at the subscription price, subject to the terms and conditions of the subscription agreement. The subscription price was HK$0.69, a discount of approximately 1.4% from the closing price of HK$0.7 per share (i.e. the closing price on the date of the subscription agreement) as reported by the Stock Exchange on December 18, 2025.

The number of subscribed shares is equivalent to approximately 3.6% of the total number of shares issued on the date of this announcement; and approximately 3.5% of the total number of issued shares was expanded after the subscription was completed.

The total proceeds from the subscription process are estimated to be approximately HK$355.4 million. The net proceeds from the subscription transaction (after deducting all expenses, costs and expenses that should be borne by the company and properly incurred by the subscriber, as well as other related expenses incurred by the company in connection with the subscription) are estimated to be approximately HK$355.3 million. Therefore, after deducting such fees, costs and expenses, the net subscription price is approximately HK$0.69 per subscribed share.