Hatcher Group Limited (Stock Code: 8365) announced on 4 November 2025 that it has entered into a placing agreement to issue up to 18,000,000 new shares at HK$1.65 per share under a general mandate. The placing shares represent approximately 10.51% of the company’s existing issued share capital and around 9.51% of its enlarged share capital upon completion.

The placing price stands at an 11.29% discount to the 4 November 2025 closing price of HK$1.86 and a 19.67% discount to the average closing price of HK$2.054 over the five preceding trading days. The maximum gross proceeds are estimated at HK$29.7 million, with net proceeds of about HK$29.6 million after expenses.

According to the announcement, approximately 80% of the net proceeds (around HK$23.68 million) will go toward general working capital, and the remaining 20% (approximately HK$5.92 million) will be allocated to marketing and investor relations fees. The completion of the placing is subject to the satisfaction of conditions precedent, including Stock Exchange approval for the listing of, and permission to deal in, the placing shares.

At present, Hatcher Group has 171,269,440 shares in issue. If all placing shares are allotted, the public float would increase, and no individual placee is expected to become a substantial shareholder. Shareholders and investors are advised that the transaction may or may not proceed and to exercise caution when dealing in the company’s shares.

Hatcher Group has carried out several fund-raising activities in the past 12 months. One recent subscription of new shares under a specific mandate continues to be in progress, targeting net proceeds of HK$11.3 million for general corporate purposes. Furthermore, a rights issue completed earlier raised about HK$31.1 million for the establishment of a new subsidiary, marketing efforts, and general working capital.

The Board of Directors stated that the placing offers an opportunity to broaden both the shareholder and capital base of Hatcher Group. The company deems the plan beneficial for business expansion and ongoing operations.