ASCENTAGE-B (06855) plans to sell 7.325 million American Depositary Shares.

ASCENTAGE-B (06855) announces that on January 23, 2025 (Eastern Time in the United States) or January 24, 2025 (Hong Kong time, before the trading session on the Stock Exchange of Hong Kong), the company entered into a subscription agreement with underwriters. According to this agreement, the company will issue 7.325 million American Depositary Shares (representing a total of 29.3 million shares of underlying stock with a total face value of $2930). Each American Depositary Share represents 4 newly issued ordinary shares of the underlying stock. The company also grants the underwriters a 30-day option to purchase up to an additional 1.0988 million American Depositary Shares (representing a total face value of $439.5) at a price equal to the initial public offering price minus the underwriting discount and commission. The offering price per American Depositary Share is $17.25.