Du Fu Liquor Group (00986) plans to place up to 258.941 million shares to raise about HK$6.5 million

According to Zhitong Finance App News, Du Fu Liquor Group (00986) issued an announcement. On September 3, 2026 (after the trading period), the Company entered into a placement agreement with the placement agent. According to this, the Company has agreed to place up to 25.8941 million shares of placement shares at an placement price of HK$0.260 per share to no less than six undertakers on a best-effort basis through the placement agent, and the relevant undertakers are third parties, institutions or other professional investors independent of the Company and its related parties. Placed shares will be distributed and issued in accordance with a general mandate.

Assuming that there is no change in the issued share capital of the Company from the date of this announcement to the date of completion of the placement, the maximum number of shares to be placed under the placement is 258.941 million shares equivalent to about 20% of the Company's issued share capital on the date of this announcement; and approximately 16.67% of the Company's issued share capital expanded through the total allocation and issuance of the placed shares.

The placement price of HK$0.260 per share is the same as the closing price of HK$0.260 per share reported on the Stock Exchange on the date of the placement agreement (i.e. no discount, no premium).

Assuming that all of the placed shares are fully placed, the total amount and net proceeds (after deducting placement commissions and other related expenses and professional expenses) will be approximately HK$6.7 million and approximately HK$6.5 million respectively.

The Company intends to use the net proceeds from the placement for the Group's general working capital, including but not limited to the settlement of the Group's operating costs, employee costs, rental expenses and professional expenses.