LEADER EDU (01449) proposes to place up to 120 million shares at a discount of approximately 17.5%, raising net proceeds of approximately HK$78.01 million

LEADER EDU (01449) announces that on October 23, 2026, the Company proposes to place up to 120 million placing shares, representing approximately 15.00% of the Company's existing issued share capital as at the date of this announcement; and approximately 13.04% of the Company's issued share capital as enlarged by the allotment and issue of the placing shares. The placing price of HK$0.660 per placing share represents a discount of approximately 17.50% to the closing price of HK$0.800 per share on October 23. Assuming all placing shares are fully placed, the gross proceeds and net proceeds from the placing are estimated to be approximately HK$79.2 million and HK$78.01 million, respectively. The Company intends to apply the net proceeds from the placing as follows: approximately HK$66.31 million for the Group to continue advancing AI upgrades and the digital and intelligent transformation of its education and teaching business; and the remaining approximately HK$11.70 million as general working capital of the Group. The placing is intended to broaden the Company's shareholder base and help address the high concentration of shareholding as described in the Company's announcement dated October 15, 2026, as well as to raise additional funds to support the Group's continued advancement of AI upgrades and the digital and intelligent transformation of its education and teaching business.