The traditional store plans to raise nearly HK$2.7 billion through the placement of gold, which will be used for store expansion, renovation, and supplementing working capital, among other things.

On May 8, the traditional handmade gold jewelry brand Lao Pu Gold announced that on May 7, 2025, it had entered into a placement agreement with placement agents. The plan was to place 4.31 million shares at a price of HK$630.00 per share, representing approximately 3.19% and 2.56% of the H shares and total issued shares as of the date of the announcement, respectively. This would also represent approximately 3.09% and 2.50% of the H shares and total issued shares after the placement and enlargement of the share capital. The placement price of HK$630.00 per share represented a discount of approximately 8.03% compared to the closing price of HK$685.00 per share on May 7, 2025. Assuming all placement shares are fully placed, the total and net proceeds from the placement are expected to be approximately HK$2.715 billion and approximately HK$2.698 billion, respectively. Based on this, the net issue price will be approximately HK$625.99 per share for the placed shares. As for the use of the net proceeds from the placement, Lao Pu Gold stated that 80% would be used for the development of core business, including but not limited to expanding stores in mainland China, optimizing and expanding existing store locations, and supporting the rapid growth of same-store sales; 20% would be used for supplementing working capital and general corporate purposes.