GP LOGISTICS (08489) plans to discount approximately 19.70% for the subscription of up to 60 million shares, with a net fundraising of HK$15.3 million.

GP LOGISTICS (08489) announced that on December 30, 2025, the company entered into a placement agreement with placement agents. According to this agreement, the company conditionally agrees to place up to 60 million shares at a placement price of HK$0.265 per share to no fewer than six placees, who must be independent third parties. Assuming that the number of issued shares remains unchanged (excluding placement shares) from the date of this announcement to the completion date, the maximum of 60 million placement shares would represent approximately 20.00% of the company's issued share capital as of the announcement date; and approximately 16.67% of the enlarged issued share capital after the placement shares are issued. The placement price of HK$0.265 per share represents a discount of approximately 19.70% compared to the closing market price of HK$0.330 per share on the date of the placement agreement. Assuming that all 60 million placement shares are successfully placed, the total proceeds and net proceeds (after deducting all applicable costs and expenses, including commissions and fees) are estimated to be approximately HK$15.9 million and HK$15.3 million, respectively. The company plans to use the net proceeds of approximately HK$15.3 million for the general working capital of the group, which will be used to cover employee costs, professional fees, rent payments, and general administrative and operational expenses.