Yuexiawan Holdings (01396): Terminates Subscription Agreement B, Resumes Trading in the Afternoon of December 5th.

Yuexiangwan Holdings (01396) announced that, related to the subscription for new shares under the general mandate, the subscription with subscriber B was considered a connected transaction under Chapter 14A of the Listing Rules. As a result, on December 5, 2025, the company and subscriber B mutually agreed to immediately terminate subscription agreement B. Both parties agreed to further discuss and take action after the termination. Upon termination, all parties to subscription agreement B shall be released from their respective obligations under the agreement, without prejudice to any rights or obligations arising before or on the date of termination. Subscription agreement A will remain in effect and continue to be executed. The total amount raised from the subscription under agreement A is approximately HK$108 million, with a net amount of approximately HK$107.6 million (after deducting expenses related to the subscription), equivalent to a net issue price of approximately HK$5.48 per subscribed share. The board intends to use the net proceeds from the subscription for general working capital of the group, specifically, (a) around 70% for payment of AI computing power cloud service project; (b) around 20% for payment of project construction expenses; and (c) around 10% for daily operating expenses. The company has applied for the resumption of trading of its shares from 1:00 pm on December 5, 2025.