PACIFIC LEGEND (08547) plans to discount approximately 4.07% and place up to 98.5279 million shares

According to Zhitong Finance App News, Pacific Legend (08547) announced that on December 10, 2025, the Company entered into a placement agreement with the placement agent. The Company has agreed to place a maximum of 985.279 million placed shares to no less than six undertakers (they and their ultimate beneficial owners must be independent third parties) through the placement agent at a price of HK$0.118 per share.

The placement price is HK$0.118 per share, which is approximately 4.07% off the closing price of HK$0.123 per share as reported on the date of the placement agreement; and the average closing price of the shares as reported on the Stock Exchange on the last five consecutive trading days immediately before the date of the placement agreement is approximately 16.31% off of HK$0.141 per share.

The maximum number of shares to be placed accounts for 20% of the Company's current issued share capital as of the date of this announcement; and approximately 16.67% of the Company's issued share capital after being allocated and extended by issuing the placed shares (assuming that there is no change in the Company's issued share capital from the date of this announcement until the completion of the placement matters).

Assuming that all 985.279 million shares are subscribed, after the placement is completed, the total amount of proceeds from the placement will be approximately HK$11.6 million, and the total net proceeds will be approximately HK$11.4 million (after deducting commissions and other expenses relating to the placement), which is equivalent to a net offering price of approximately HK$0.115 per placed share. The Board of Directors intends to use all net proceeds as working capital of the Group.