CH TIANBAO GP (01427) plans to issue 68.48 million shares with a premium of approximately 81.33%

CH Tianbao GP (01427) announces that on January 8, 2025, the company entered into a subscription agreement with the subscriber (Eighty Eight Dragons Limited). According to the agreement, the subscriber conditionally agreed to subscribe for 68.48 million shares of the company's subscription shares on the delivery date, representing approximately 8.46% of the company's issued share capital as of the date of this announcement (and approximately 7.80% after the issuance of the subscription shares), while the subscriber must offset a portion of the debt owed to the company (including accrued interest) to settle the subscription price. The subscription price is HK$0.408 per share, which is a premium of approximately 81.33% over the closing price of HK$0.225 per share on January 8th.