Base Championship Group (08460) plans to sell 44268,000 shares at a discount of about 19.07% to raise about HK$17.886 million

According to the Zhitong Finance App, Base Championship Group (08460) issued an announcement. On December 9, 2025, the Company entered into a placement agreement with the placement agent. The company has agreed to submit a subscription offer, and the placement agent has agreed to facilitate no less than six undertakers to subscribe for up to 44,268 million shares according to the best effort criteria. The relevant price is HK$0.437 per placed share. The consignee and its ultimate beneficial owner must be independent third parties. Placed shares will be distributed and issued in accordance with a general mandate.

The maximum number of shares placed is 44.268,000 shares equivalent to: 20.00% of the Company's current issued share capital (i.e. 221 million shares) at the date of this announcement; and approximately 16.67% of the issued share capital of the Company after the issuance and expansion of the placed shares (assuming that there are no other changes in the Company's issued share capital between the date of this announcement and the date of completion of the placement). The maximum total face value of the shares to be placed will be HK$44.268,000.

Assuming that the highest number of shares placed is placed, the total proceeds from the placement will be approximately HK$19.3628 million, while the net proceeds (after deducting placement fees and other expenses of the placement) will be approximately HK$17.886 million. The net proceeds from the placement are intended to be used as operating capital and for future investments of the Group when opportunities arise, but no specific investment targets have been determined as of the date of this announcement.

The placement price of HK$0.437 per share was determined through negotiations between the Company and the placement agent in accordance with fair principles. The placement price was approximately 19.07% off the closing price of HK$0.54 per share as reported on the Stock Exchange on December 9, 2025 (the date of the placement agreement); and the average closing price of the shares of HK$0.532 per share reported on the Stock Exchange for five consecutive trading days immediately prior to the date of the placement agreement.