Shenzhen New Land Tool Planning & Architectural Design Development (00456) has completed the issuance of a total of 27.649 million subscribed shares.

New City Construction Development (00456) announced that all the preconditions set forth in the subscription agreement (as supplemented by the supplemental agreement) have been fulfilled. In accordance with the terms and conditions of the subscription agreement (as supplemented by the supplemental agreement), the subscription matter was completed on May 22, 2026. The company successfully issued a total of 27.649 million subscription shares, representing approximately 14.82% of the issued share capital of the company immediately before the completion of the subscription matter; and approximately 12.91% of the issued share capital of the company after the issuance of the subscription shares. The net proceeds from the subscription matter are approximately HK$103.45 million. The company intends to use the net proceeds for general operating expenses, including payment of rent, salaries, and other administrative and operating expenses.