NewTimeSpace News:On March 11, 2026, the board of directors of Serial Achieva Limited announced an equity subscription agreement entered into with UFCT Technology on the same day, planning to issue 21,004,800 ordinary shares to the latter.

Pursuant to the announcement, the subscription price of the new shares is set at S$0.22 per share (equivalent to approximately US$0.171), with a total fundraising amount of about S$4.6211 million (equivalent to approximately US$3.6212 million) and a net fundraising amount of around S$4.6 million. Serial Achieva Limited stated that 40% of the net proceeds will be used to repay existing loans, and the remaining 60% for supplementing the company’s working capital.

UFCT Technology is a Hong Kong-incorporated enterprise primarily engaged in the distribution of electronic components and equipment, and a wholly-owned subsidiary of Shannon Semiconductor Technology Co., Ltd., a listed company on the Shenzhen Stock Exchange. As of the announcement date, UFCT Technology, together with its shareholders and directors, does not hold any shares or convertible securities in Serial Achieva Limited, either directly or indirectly.

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