SEAZEN (01030) plans to raise approximately HK$4.69 billion through the proposed placement of 1.98 billion shares. The company will prioritize existing shareholders before offering the new shares.

SEAZEN (01030) announced that on February 5, 2026 (before the trading session of the Stock Exchange), the seller, the Company, and the placing agent entered into a placing and subscription agreement, whereby: (a) the seller agreed to appoint the placing agent as agent, and the placing agent agreed to use its best efforts to procure not less than six buyers to purchase the sale shares (1.98 billion shares) at the placing price (i.e. HK$2.39 per share) individually (and not collectively or jointly); and (b) the seller agreed to subscribe, and the Company agreed to issue and allot the subscription shares to the seller at the subscription price (equivalent to the placing price) corresponding to the number of sale shares actually sold by the seller under the placing and subscription agreement. The sale shares represent approximately 2.80% of the Company's issued share capital as of the date of this announcement, and approximately 2.73% of the Company's issued share capital after the issuance and allotment of the subscription shares (assuming no changes in the company's issued share capital from the date of this announcement until completion of the subscription). The placing price of HK$2.39 per share (excluding all brokerage commissions, Hong Kong stamp duty, fees payable to the Securities and Futures Commission and the Stock Exchange) represents a discount of approximately 14.95% to the closing market price of HK$2.81 per share on the Stock Exchange on February 4, 2026. The Company expects to receive a total amount of approximately HK$4.73 billion and a net amount of approximately HK$4.69 billion from the subscription, after deducting all costs and expenses. The net proceeds from the subscription are intended to be used for the future development of the Group, repayment of the Company's future debt due, and for general working capital of the Group.