VOLCANO SPRING (01715) has successfully completed the issuance of a total of 55.3 million shares for subscription.

Volcano Spring (01715) announced that all conditions stated in the subscription agreement have been met and the subscription was completed on September 7, 2023. A total of 55.3 million shares were successfully allocated to one subscriber by the subscription agent at a subscription price of HK$0.075 per share, accounting for approximately 3.01% of the company's issued share capital before completion; and approximately 2.93% after the issuance and distribution of the subscription shares.