PLATT NERA (01949) proposes to sell approximately 17.69% of the total issued shares, equivalent to 160 million shares, at a net fundraising amount of approximately HK$16.98 million.

PLATT NERA (01949) announced that on August 8, 2025 (after trading hours), the company entered into a subscription agreement with a subscriber. According to the agreement, the company conditionally agreed to issue and allot shares to the subscriber, and the subscriber conditionally agreed to subscribe for a total of 160 million shares at a subscription price of HK$0.107 per share. The subscription shares will be issued and allotted pursuant to the general mandate. Assuming no change in the company's issued share capital from the date of this announcement to the completion date, the subscription shares would represent approximately 16.67% of the enlarged issued share capital of the company after the completion of the subscription. The subscription price of HK$0.107 per share represents a discount of approximately 17.69% compared to the closing market price of HK$0.130 per share on the Stock Exchange on August 8, 2025. If all subscription shares are successfully issued, the net proceeds of the subscription (after deducting expenses and professional fees) would be approximately HK$16.98 million. The company intends to use 50% of the net proceeds for potential new business expansion into the trading of point-of-sale devices and terminal machines, and the other 50% for general working capital of the group's business projects, as well as administrative and operating expenses. The directors believe that the terms of the subscription agreement are fair and reasonable, the subscription will strengthen the group's financial position, expand the shareholder base, and be in the overall interests of the company and shareholders.