TOPSTANDARDCORP (08510) announced on December 5, 2025, that it entered into a subscription agreement with Focus Dynamic Group Limited. The subscriber conditionally agreed to subscribe for 39.81 million subscription shares at HK$0.10 per share, while the company conditionally agreed to allot and issue these shares.

The subscription shares represent approximately 20.0% of the company's issued share capital as of the announcement date. Upon completion of the subscription, they will account for about 16.7% of the enlarged issued share capital (assuming no other changes in issued shares between the announcement date and completion date). The total nominal value of the subscription shares is HK$3.98 million, with a market value of HK$4.70 million based on the closing price of HK$0.118 per share on the subscription agreement date.

The subscription price of HK$0.10 per share represents: - A 15.25% discount to the closing price of HK$0.118 per share on the Hong Kong Stock Exchange on the subscription agreement date - A 19.35% discount to the average closing price of approximately HK$0.124 per share over the five trading days preceding the subscription agreement date

The gross proceeds from the subscription will amount to HK$3.98 million, which the company intends to use for general working capital purposes of the group.