YEAHKA (09923) completes the issuance of 19.15 million shares, prioritizing old shareholders over new ones.

YEAHKA (09923) announced that the seller's placement and subscription were completed on January 9, 2025 and January 13, 2025 respectively. All conditions of the seller's placement have been met and the seller's placement was completed on January 9, 2025. A total of 19.15 million shares were successfully placed at a price of HK$10.10 per share to at least six professional, institutional, and/or individual investors, who, along with their respective ultimate beneficial owners, are independent of each other and are not acting in concert with the seller's concerted action group, and are unrelated third parties independent of the Company or its related parties. There are no underwriters and their ultimate beneficial owners becoming major shareholders of the Company after subscribing for the placement shares. All conditions of the subscription have been met and the subscription was completed on January 13, 2025. A total of 19.15 million subscription shares (equivalent to the number of placement shares successfully placed by the seller) were subscribed by the buyer at a subscription price of HK$10.10 per share. After deducting all expenses related to the subscription borne by the Company to fulfill the seller's obligations (including legal fees and other consulting fees), the net asset value of the subscription shares is approximately HK$9.88 per share. The subscription shares represent approximately 4.14% of the Company's enlarged issued share capital after the subscription. The net proceeds from the subscription, after deducting all applicable costs and expenses (including commissions, professional fees, and actual expenses), are estimated to be approximately HK$189 million.