PACIFIC LEGEND (08547) intends to discount approximately 15.00% of a total of 65 million shares for subscription, raising a total of approximately 11 million Hong Kong dollars.

PACIFIC LEGEND (08547) announced that on November 14, 2025 (after trading hours), the Company entered into a subscription agreement with a subscriber, wherein the Company conditionally agreed to issue and allot a total of 65 million subscription shares and the subscriber conditionally agreed to subscribe for these shares at a subscription price of HK$0.17 per share. The subscription price of HK$0.17 per share represents a discount of approximately 15.00% to the closing price of HK$0.200 per share as of November 14, 2025. The subscription shares represent approximately 13.67% of the enlarged issued share capital of the Company after the issuance of the subscription shares (assuming no change to the Company's issued share capital from the date of the announcement to the completion of the subscription). The subscription shares will be issued under the general mandate without the need for shareholder approval. The proceeds from the subscription will amount to approximately HK$11 million. The Company intends to use the proceeds for general working capital of the Group, including approximately HK$6 million for payment of salaries, wages, rent, and trade-related expenses; approximately HK$2 million for other operational and administrative expenses; and approximately HK$3 million for the repayment of accrued rent in Hong Kong and bank loans and other liabilities in Dubai by the end of 2025.