Zhong An Intelligent Living Service Limited (2271) and Zhong An Group Limited (672) jointly announced that on February 9, 2026, Zhong An Intelligent entered into a placing agreement with GEO Securities Limited. The deal involves placing up to 51,741,400 new shares at HK$1.52 per share, representing a discount of approximately 16.02% to the HK$1.81 closing price on the last trading date and around 19.15% to the average HK$1.88 over the previous five trading days.

The placing shares account for about 10% of Zhong An Intelligent’s existing issued share capital and approximately 9.09% of its enlarged share capital upon completion. The gross proceeds are expected to reach HK$78.65 million, with estimated net proceeds of around HK$77.69 million designated as general working capital for Zhong An Intelligent.

Prior to the placing, Zhong An Group held approximately 71.28% of Zhong An Intelligent’s issued shares. In the event of full placement, Zhong An Group’s shareholding will be diluted to around 64.80%. This dilution meets the criteria of a deemed disposal under Rule 14.29 of the Listing Rules and, when aggregated with related transactions in the past 12 months, constitutes a discloseable transaction under Chapter 14.

According to the announcement, the placing aims to broaden Zhong An Intelligent’s shareholder base and strengthen market liquidity of its shares. Following the completion, Zhong An Intelligent will remain an indirect non-wholly owned subsidiary of Zhong An Group. All results of Zhong An Intelligent will continue to be consolidated into Zhong An Group’s financial statements.