CT VISION (00994) plans to issue 30 million shares of subscription shares to Yu Cheng Asset Management.

CT VISION (00994) announced that on May 27, 2026, the company entered into a subscription agreement with Yu Cheng Asset Management. The company has conditionally agreed to issue and allot, and the subscriber has conditionally agreed to subscribe for, 30 million subscription shares at a subscription price of HK$0.36 per share. The subscription shares represent approximately 2.70% of the company's existing issued share capital as of the date of the announcement; approximately 2.63% of the company's issued share capital after the issue and allotment of the subscription shares; and approximately 2.33% of the company's issued share capital after the issue of the subscription shares and placement shares (assuming no changes in the company's issued share capital during the period from the date of the subscription agreement to the completion date). Based on a nominal value of HK$0.01 per share, the total nominal value of the 30 million subscription shares is HK$300,000. The estimated total proceeds and net proceeds of the subscription will be approximately HK$10.8 million and approximately HK$10.6 million, respectively. The net price per placement share will be approximately HK$0.3534. The company plans to use approximately HK$10.6 million for the development of renewable energy business. On May 27, 2026, the placement agent entered into a placement agreement with the company. The company has conditionally agreed to use its best efforts to place, through the placement agent, up to 150 million placement shares at a placement price of HK$0.36 per share to not less than six placees (who are independent third parties). The placement shares will be issued and allotted under a general mandate. The maximum number of placement shares under the placement will represent approximately 13.50% of the company's existing issued share capital of 1.11 billion shares as of the date of the announcement; approximately 11.90% of the company's issued share capital after the issue and allotment of the maximum number of placement shares; and approximately 13.94% of the company's issued share capital after the issue and allotment of the maximum number of placement shares and subscription shares (assuming no changes in the company's issued share capital from the date of the placement agreement to the completion date). Based on a nominal value of HK$0.01 per share, the total nominal value of the maximum number of placement shares under the placement will be HK$1.5 million. Assuming all placement shares are successfully placed, the total proceeds and net proceeds of the placement will be approximately HK$54 million and approximately HK$53 million, respectively. The net price per placement share will be approximately HK$0.3534. The company plans to use approximately HK$33 million for the development of renewable energy business and approximately HK$20 million for the development of aerospace business.