SIMPLICITY HLDG (08367) proposes to place up to 19.32 million new shares at a discount of approximately 18.56%, raising net proceeds of approximately HK$3.02 million.

SIMPLICITY HLDG (08367) announces that on 8 October 2026 (after trading hours), the Company entered into a placing agreement with the placing agent, pursuant to which the placing agent agreed, on a best-efforts basis, to place up to 19.32 million new shares at a price of HK$0.158 per placing share to not fewer than six independent placees on behalf of the Company. The maximum number of placing shares is 19.32 million shares, representing approximately 19.99% of the entire issued share capital of 96,649,980 shares of the Company as at the date of this announcement, and approximately 16.66% of the entire issued share capital of the Company as enlarged by the placing. The placing price of HK$0.158 per placing share represents a discount of approximately 18.56% to the closing quotation of HK$0.194 per share on GEM on 8 October 2026 (being the date of the placing agreement); The net proceeds from the placing of approximately HK$3.02 million (assuming the placing shares are fully placed and after deducting all relevant expenses) will be used as general working capital of the Group.