STERLING GP (01825) plans to place up to 69.12 million shares at a premium of approximately 7.5% to raise approximately HK$6.77 million

According to Zhitong Finance App, STERLING GP (01825) announced that on December 29, 2025 (after the trading session on the Stock Exchange), the Company entered into a placement agreement with the placement agent. According to this, the placement agent (acting as the Company's agent) conditionally agreed to induce no less than six undertakers (they and their ultimate beneficial owners must be independent third parties) to subscribe for up to 69.12 million shares according to the placement price of HK$0.10 per share.

Placed shares are equivalent to (a) 20% of the total number of existing issued shares as of the date of this announcement; and (b) approximately 16.7% of the total number of issued shares after being allocated and extended by issuing the placed shares (assuming that from the date of this announcement to the completion date, there is no change in the total number of issued shares other than the issued shares). The placement price is HK$0.10 per share, which is approximately 7.5% premium over the closing price of (i) HK$0.093 per share reported on the Stock Exchange on December 29, 2025.

After completion, the total proceeds from the placement are expected to total approximately HK$6.91 million. The net proceeds from the placement (after deducting placement commissions and other related expenses (including) professional expenses relating to the placement) are estimated to be approximately HK$6.77 million, which is equivalent to a net issue price of approximately HK$0.098 per placed share. The Company intends to use the total net proceeds from the placement of approximately HK$6.77 million for general working capital purposes.