TJCD(02515) plans to offer a discount of approximately 19.8% on the issuance of 51.79 million shares, with a net proceeds of approximately 43.8 million Hong Kong dollars.

Announcement issued by TJCD(02515): On May 21, 2026, the company entered into a subscription agreement with the subscriber. The subscriber intends to subscribe for a total of 51.79 million shares at a subscription price of HK$0.85 per share. The subscription price of HK$0.85 per share represents a discount of approximately 19.8% from the closing market price of HK$1.06 per share on the date of the subscription agreement reported on the Hong Kong Stock Exchange. The subscribed shares account for approximately 16.7% of the enlarged issued share capital of the company following completion of the issuance and subscription of shares. The total amount of funds raised from the subscription is approximately HK$44 million, with a net amount of approximately HK$43.8 million. The company intends to use the net proceeds from the subscription for the group's operating capital, with approximately 60% to be used for ongoing administrative and operating expenses, approximately 20% for settlement of project payments, and approximately 20% for repayment of the group's debt.