CHINA UPTOWN (02330) intends to issue approximately 7.69% of the maximum 75.4743 million new shares for a net fundraising of HKD 13.52 million.

CHINA UPTOWN (02330) announced that on October 16, 2025, the company entered into a placing agreement with the placing agent, who conditionally agreed to act as the company's placing agent to place a maximum of 75.4743 million new shares at a placing price of HK$0.180 per share to not less than six placees. The placing shares represent approximately 16.67% of the enlarged issued share capital. The placing price of HK$0.180 per share represents a discount of approximately 7.69% to the closing price of HK$0.195 per share on October 16, 2025. The estimated net proceeds from the placing are approximately HK$135.2 million. The company intends to use the net proceeds for general working capital of the group, including payment of employee costs, professional fees, rent and general administrative and operating expenses.