YUNFENG FIN (00376) plans to offer a discount of approximately 16.8% for the rights issue, raising approximately HK$1.15 billion net.

YUNFENG FIN (00376) announced on September 16, 2025 (before trading hours) that the company, the seller Jade Passion Limited, and the placing agent have entered into a placing and subscription agreement. According to this agreement: (i) the seller has agreed to sell, and the placing agent has individually (not jointly or jointly and severally) agreed to act as the seller's agent, to use best efforts to procure at least six underwriters to purchase 1.91 billion shares of the company's sale shares at a placing price of HK$6.10 per share; and (ii) the seller has conditionally agreed to subscribe, and the company has conditionally agreed to issue and distribute subscription shares to the seller at a placing price of HK$6.10 per share in accordance with the general authorization (the number of subscription shares shall be the same as the number of sale shares actually placed by the placing agent under the placing and subscription agreement). The placing price of HK$6.10 per share represents a discount of approximately 16.8% to the closing price of HK$7.33 per share on the last trading day on the Stock Exchange. Assuming all sale shares are fully placed, the sale shares will represent approximately 4.95% of the existing issued share capital of the company as of the date of this announcement, and approximately 4.71% of the enlarged issued share capital immediately after the close of the subscription. The estimated total proceeds and net proceeds are approximately HK$1.17 billion and approximately HK$1.15 billion respectively.