NEW SPARKLEROLL (00970) plans to issue a total of 112.6 million shares at a discount of about 13.64%, with a net raise of approximately HK$41.67 million.

NEW SPARKLEROLL (00970) announces that on January 16, 2026, the company plans to issue a total of 112.6 million shares to the subscribers (Saint Wei Industrial Development Limited, Mr. Liu Junjian, Ms. Zheng Yongshi, Mr. Li Zhancheng), equivalent to approximately 16.67% of the total issued shares after the completion of the issuance. The subscription price for the shares is HK$0.380 per share, representing a discount of approximately 13.64% from the closing price of HK$0.440 per share on January 16. The total proceeds from the subscription will be approximately HK$42.77 million, and the net proceeds will be approximately HK$41.67 million. The company plans to use approximately HK$30 million of the net proceeds for the expansion and development of the group's automotive distribution business, and approximately HK$11.67 million for potential investments when opportunities arise.