China Dental Industry (08406) plans to discount about 11.11% and issue a total of 328 million subscription shares to raise about HK$18.29 million

According to Zhitong Finance App, China Dental Industry (08406) announced that on July 27, 2026 (after the trading period on the Stock Exchange), the Company signed seven independent subscription agreements with seven subscribers. According to this, the Company has conditionally agreed to allocate and issue, and each subscribing party has agreed to subscribe for a total of 328 million subscription shares. The subscription price is HK$0.056 per share.

The subscribed shares are equivalent to (i) approximately 20% of the total number of issued shares of the Company as of the date of this announcement; and (ii) approximately 16.66% of the total number of issued shares of the Company after being expanded through allotment and issuance of subscribed shares (assuming there is no change in the issued share capital of the Company from the date of this announcement to completion).

The subscription price of HK$0.056 per subscription share is: (i) the shares discounted by approximately 11.11% from the closing price of HK$0.063 per share as reported on the date of the subscription agreement; and (ii) the average closing price of the shares on the last five (5) consecutive trading days immediately before the date of the subscription agreement was approximately 18.84% off of the average closing price of approximately HK$0.069 per share.

The total proceeds from the subscription will be HK$18.38 million. After deducting all related expenses, the net proceeds from the subscription will be approximately HK$18.29 million, equivalent to the net issue price of each subscribed share of approximately HK$0.0557. The Company intends to use the net proceeds for the following purposes: (i) approximately 60% of the net proceeds (equivalent to approximately HK$10.97 million) to enhance financial resources to meet the day-to-day operation and business development of the Group's main existing businesses, including marketing, purchasing inventory and equipment, expanding sales channels and customer networks, and recruiting employees; and (ii) approximately 40% of the net proceeds (equivalent to approximately HK$7.32 million) for the Group's general working capital, including employees' salaries, rent, legal and professional expenses, and daily expenses.