Yingyuzhou (03700) completed the issuance of a total of 192 million subscribed shares

According to the Zhitong Finance App, Yingyuzhou (03700) announced that all the prerequisites under the subscription agreement have been fulfilled. Partial completion was implemented on July 2, 2026, and the Company has allocated and issued a total of 192 million subscribed shares to these six subscribers.

As far as subscription matters involving a total of 195 million remaining subscribed shares are concerned, since the remaining subscribers need more time to complete the relevant administrative procedures relating to the subscription matters, the Company entered into supplementary agreements with the three remaining subscribers, according to which the completion of their joint agreement will be implemented no later than July 15, 2026, or at any other time and/or date as may be agreed in writing between the Company and the relevant subscribers. The Board is pleased to announce that the remaining administrative procedures relating to the subscription matters of the remaining subscribers mentioned above have been completed. The remaining subscription agreement was completed on July 15, 2026, and a total of 195 million remaining subscription shares have been issued to the remaining subscribers.

As of the date of this announcement, the Company has successfully allocated and issued a total of 387 million subscribed shares in two batches, which is equivalent to (i) approximately 20% of the Company's existing issued share capital immediately prior to the allocation and issuance of the first batch of subscribed shares (that is, partially completed); and (ii) approximately 16.67% of the Company's issued share capital expanded through allotment and issuance of all subscribed shares. After deducting related expenses, the net proceeds were approximately HK$328 million. The Company intends to use the net proceeds to acquire high-performance GPUs to establish and expand the Group's GPU computing infrastructure, as well as general operating capital for the Group's GPU computing infrastructure and daily administrative expenses for the Group's overseas teams.