GOLDEN FAITH GP (02863) intends to issue and sell at least 230 million shares and up to 455 million shares to its controlling shareholder.

GOLDEN FAITH GP (02863) announced that the Board of Directors has been notified by Mr. Gao Junxi, the Executive Director and Chairman of the Board, and by Da De Investment and Trade Co., Ltd. (hereinafter referred to as the "Seller") which is wholly owned by Mr. Gao Junxi, the controlling shareholder of the company, that the Seller has entered into a placement agreement with the placement agent on June 29, 2026 (after the trading period). According to the placement agreement, the Seller has appointed the placement agent as its exclusive agent, and the placement agent agrees to act as the agent of the Seller, to facilitate independent investors, not related to the company, the Seller, or any other acting parties, and not acting in concert with them, to participate in the placement of purchasing no less than 230 million shares of the company and up to 455 million shares (representing approximately 65.95% of the company's issued share capital on the date of this announcement), held by the Seller, at a price of HKD 0.488 per share. The placement agent also agrees to use their best efforts to encourage subscribers to subscribe for placement shares, and has promised the Seller that no subscriber (whether alone or together with acting parties) will hold 30% or more of the company's issued share capital after completion. The placement is expected to be completed by no later than July 10, 2026, in accordance with the terms and conditions of the placement agreement.