SINOHOPE TECH (01611) subsidiary's subscription to independent investment portfolio is approximately 1120 shares of Class A stocks.

SINOHOPE TECH (01611) announced on September 18, 2024, that the subscriber (a wholly-owned subsidiary of the company) has entered into a subscription agreement to subscribe for approximately 1120 shares of Class A shares in an independent investment portfolio (under the fund company). The total subscription amount is 1.12 million Thai Baht (equivalent to 1.12 million US dollars and approximately 8.736 million Hong Kong dollars). The main purpose of the subscription is to diversify the company's investment portfolio, thereby utilizing internal resources to enhance profitability and returns. Considering the investment objectives of the fund company and the prospects of the independent investment portfolio, as well as the experience and skills of the investment managers, the directors (including independent non-executive directors) believe that the terms of the subscription and the proposed transactions are entered into on fair and reasonable commercial terms in the ordinary course of the group's operations, and are in the overall best interests of the company and its shareholders.