ZHONG JIA GX (00899) intends to issue a maximum of 263 million shares with a premium of approximately 7.53%.

ZHONG JIA GX (00899) announces that on May 20, 2025 (after trading hours), the company has entered into a placing agreement with a placing agent. According to this agreement, the company conditionally agrees to place up to 263 million shares at a placing price of HK$0.1 per share to no fewer than six placees (who must be independent third parties). Assuming that the number of issued shares remains unchanged from the announcement date to the completion date (excluding the placing shares), the maximum 263 million placing shares represent approximately 20.0% of the company's existing issued share capital as of the announcement date, and approximately 16.7% after the issuance of the placing shares. The placing price of HK$0.1 per share represents a premium of approximately 7.53% over the closing price of HK$0.093 per share reported on the Stock Exchange on the placing agreement date. If all 263 million placing shares are successfully placed, the total proceeds and net proceeds (after deducting placing commission and other related expenses) are estimated to be approximately HK$26.27 million and HK$25.49 million, respectively. The net proceeds are intended to be used for the company's general working capital.