Hong Kong Gold Industry Group (02623) plans to issue up to 23.2 million shares, raising approximately HKD 93.2 million.

Hong Kong Gold Industry Group (02623) announced that on June 18, 2026, the company intends to allot up to 23.2 million shares for subscription, representing approximately 4.42% of the company's existing issued share capital on the date of this announcement (excluding treasury shares, if any); and approximately 4.23% of the company's issued share capital after the allotment and issuance of the new shares. The subscription price for each share is HK$4.08. Assuming all shares are fully subscribed, the total proceeds from the subscription will be approximately HK$94.7 million, and the estimated net proceeds will be approximately HK$93.2 million. The company intends to use the net proceeds from the subscription for seeking suitable investment and/or acquisition opportunities as evaluated by the board of directors from time to time, such as potential target companies engaged in the precious metals mining business.