VCPlus to Issue 350 Million New Shares to Zhao YiQing, Raising Approximately S$1.19 Million

NewTimeSpace News: April 14, 2026,VCPlus Limited announced that it has entered into a subscription agreement with subscriber Ms. Zhao YiQing, who has agreed to subscribe for an aggregate of 350 million new shares at an issue price of S$0.0034 per share, amounting to a total cash consideration of approximately S$1.19 million.

According to the announcement, the subscription shares represent approximately 6.17% of the Company's existing issued share capital. The subscription shares will be issued pursuant to the general mandate granted by shareholders at the annual general meeting held in 2025. The net proceeds of approximately S$1.18 million are intended to be used as follows: 50% for the AI digital marketing business and 50% for working capital.

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