Yichen Group (08365) completed the issuance of 9.48 million subscription shares to raise approximately HK$11.276 million

According to the Zhitong Finance App, Yichen Group (08365) issued an announcement. All conditions for the sale and subscription matters have been met. As a result, the sale and subscription were completed on December 31, 2025 and January 5, 2026, respectively.

A total of 9.48 million sales shares have been successfully sold to the buyer (i.e. six individual investors) at a sale price of HK$1.2 per sale share. In addition, a total of 9.48 million subscribed shares (equivalent to the number of successfully sold shares sold under the sale) were subscribed by the controlling shareholder at a subscription price of HK$1.2 per subscribed share. Subscribed shares account for approximately 4.77% of the company's issued share capital expanded by allocating and issuing subscribed shares.

The net proceeds from the subscription process were approximately HK$11.276 million. The Company intends to use the net proceeds for general business purposes, of which approximately 77% will be used for employee salaries and benefits; about 10% for office and utility expenses; and approximately 13% for indirect expenses including legal, professional and IT expenses.