Jinli Group (03919) plans to issue 6.492 million shares at a discount of approximately 5.1% to raise about HK$4.1 million

According to the Zhitong Finance App, Jinli Group (03919) announced that on August 6, 2026, the company plans to allocate and issue a total of 6.492 million shares to the subscriber Mr. Gao Jianxing, equivalent to 16.7% of the company's current issued share capital at the date of this announcement; and about 14.3% of the company's issued share capital after the issuance of subscription shares was expanded. The subscription price was HK$0.65 per subscription share, a discount of approximately 5.1% from the closing price of HK$0.685 per share on August 6. The total amount of proceeds from the subscription process and the net proceeds will be approximately HK$4.2 million and HK$4.1 million respectively. The company will use the net proceeds from the subscription process as follows: approximately 80% will be used to repay the Group's bank financing due in the next six months; and approximately 20% will be used as the Group's general working capital.