Everest Gold (01815) proposes to issue a total of 277 million shares at a discount of approximately 17.95%, raising net proceeds of approximately HK$442.7 million.

Zhito Finance APP News, Zhufeng Gold (01815) announced that on September 21, 2026, the Company proposed to allot and issue a total of 277 million subscription shares to six subscribers (Best Conduct Investments Limited, Mr. PAN Jinshou, Mr. Yu Yan, Mr. CHEN Wanlong, Mr. Yao Xiaoping, and Richwise International Group Limited), representing approximately 19.59% of the Company's existing issued share capital and approximately 16.38% of the Company's issued share capital as enlarged by the allotment and issue of the subscription shares. The subscription price is HK$1.60 per subscription share, representing a discount of approximately 17.95% to the closing price of HK$1.95 per share on September 21. The gross proceeds and estimated net proceeds from the subscription are approximately HK$443.2 million and HK$442.7 million, respectively. The Company intends to use approximately 90% of the net proceeds as working capital for its gold bar business, primarily for the procurement of physical standard gold and related processing, packaging, logistics, insurance, and custody costs, and approximately 10% as general working capital of the Group.