On 12 October 2026 (after trading hours), COCOON HOLDINGS (00428) announced that the Company and the placing agent entered into a placing agreement, pursuant to which the Company has appointed the placing agent to procure, on a best-effort basis, placees to subscribe for up to 30.8516 million placing shares at a price of HK$0.155 per placing share.

The maximum number of placing shares of 30.8516 million represents: (i) approximately 20.00% of the Company's existing issued share capital as at the date of this announcement; and (ii) approximately 16.67% of the Company's issued share capital as enlarged by the allotment and issue of the placing shares (assuming no other change in the Company's issued share capital from the date of this announcement to the completion of the placing).

The maximum aggregate nominal value of the placing shares under the placing will be HK$308,500. Assuming the maximum number of placing shares is placed, the gross proceeds from the placing will be approximately HK$4.8 million, while the net proceeds from the placing will be approximately HK$4.7 million.

Of the net proceeds from the placing, approximately HK$3.7 million in total is intended to be used for investment in listed and/or unlisted securities, while the remaining approximately HK$1 million will be used as general working capital of the Group.

The placing price of HK$0.155 per placing share was determined after arm's length negotiations between the Company and the placing agent, and represents a discount of approximately 19.27% to the closing price of HK$0.192 per share as quoted on the Stock Exchange on 12 October 2026 (being the date of the placing agreement).