XXF (02473.HK) plans to issue in total 154.69 million shares by placement, with estimated net proceeds of HKD 126 million

NewTimeSpace News: XXF (02473.HK) announced on May 13, 2026 that the company has entered into a placement agreement with the placement agent on May 13, 2026. According to the agreement, the placing agent conditionally agreed to use its best endeavors to procure placees to subscribe for in total 154.69 million shares placement, which represent approximately 9.09% of the company's existing issued share capital as of the date of this announcement, and approximately 8.33% after the subscription.

The placement price per share is HKD 0.82, at a discount of approximately 2.38% to the closing price of HKD 0.84 per share on the HKEX on the date of the placement agreement. The total proceeds from the placement are estimated to be about HKD 126.8 million. After deducting the placement commission, professional fees, and all related expenses that the company may incur, the net proceeds from the placement are estimated to be approximately HKD 126 million.

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