Meixinjiayi and Ne Plan to Raise Approximately HK$270 Million through Stock Issuance

Mei Ah Entertainment Group Limited announced on the Hong Kong Stock Exchange that it has agreed to issue 48.7 million shares at a subscription price of 5.54 Hong Kong dollars per share. The subscription price represents a discount of approximately 17% from the closing price on July 21. The subscription shares account for 6.22% of the enlarged issued share capital. Guotai Junan International is the placement agent.