WUXI LIFE (08148) announced that on August 29, 2025 (after trading hours), the company entered into a placement agreement with a placing agent. Under the agreement, the company has conditionally agreed to place, through the placing agent on a best effort basis, up to 76.3584 million placement shares at a placement price of HK$0.59 per share to not less than 6 placees, who together with their ultimate beneficial owners will be independent third parties.

The placement price of HK$0.59 per placement share represents a discount of approximately 19.18% to the closing price of HK$0.73 per share as quoted on the Stock Exchange on the last trading day.

Assuming all placement shares are fully placed, the gross proceeds from the placement will be approximately HK$45.1 million, while the net proceeds from the placement (after deducting placing commission and other expenses) will be approximately HK$44 million. The net price will be approximately HK$0.576 per placement share.

The company intends to apply the net proceeds as follows: not less than 70% for expanding the group's product sales business; and the remainder as general working capital of the group.