CONGYU INTE AGR (00875) plans to discount approximately 11.8% for the sale of up to 153 million shares, netting about HK$67.3 million.

CONGYU INTE AGR (00875) announced that on April 1, 2026, the company entered into a placement agreement with placement agents. The company will place up to 153 million shares at a placement price of HK$0.45 per share to not less than 6 placees through the placement agents. The maximum number of placed shares under the placement represents approximately 21.9% of the enlarged issued share capital of the company after completion of the placement. The placement price of HK$0.45 per share represents a discount of approximately 11.8% to the closing market price of HK$0.51 per share on the Stock Exchange on the date of the placement agreement. Assuming all placed shares are successfully placed by the placement agents, the estimated total proceeds from the placement is approximately HK$68 million, with a net proceeds of approximately HK$67.3 million. The company plans to use approximately 89.1% of the net proceeds to repay loans and approximately 10.9% for general working capital of the group.