KINGLAND GROUP (01751) plans to discount approximately 19.95% of the maximum of 48.384 million shares for subscription.

Kingland Group (01751) announced that on December 12, 2025, it has entered into a placement agreement with a placement agent. According to the agreement, the placement agent agrees to sell a maximum of 48.384 million shares at a price of approximately HK$1.481 per share to no less than 6 subscribers on a best-efforts basis. The shares being placed represent approximately 16.67% of the enlarged issued share capital. The placement price of HK$1.481 per share is based on the prevailing market price of the shares and reflects a discount of approximately 19.95% compared to the closing market price of HK$1.85 on the date of the placement agreement as reported by the Stock Exchange. Assuming all the placed shares are fully subscribed, the total amount raised is expected to be approximately HK$71.66 million, with a net amount of approximately HK$70.76 million after deducting relevant expenses. The net price per share is estimated to be approximately HK$1.46.