Yihuatong (02402) completed a total placement of 8.88 million shares to raise HK$198 million

Zhitong Finance App News, Yihuatong (02402) issued an announcement. All conditions contained in the placement agreement have been met, and the completion was implemented on December 23, 2025 in accordance with the terms and conditions of the placement agreement. In accordance with the terms and conditions of the placement agreement, the placement agent has successfully placed a total of 8.88 million shares at the placement price of HK$22.68 per share to no less than six undertakers, which is equivalent to approximately 3.83% of the company's total issued share capital immediately before completion, and approximately 3.69% of the company's total issued share capital immediately after completion on the date of this announcement.

After deducting related fees and expenses, the total proceeds and net proceeds from the placement were approximately HK$201 million and HK$198 million respectively, which is equivalent to a net issue price of approximately HK$22.27 per placed share. The Company anticipates that approximately HK$178 million will be used to repay bank loans; and approximately HK$19 million will be used for general working capital.