Min Fu International Holding Limited announced that it has entered into a conditional placing agreement with Yuet Sheung International Securities on 23 March 2026 to issue up to 5.18 million new shares at HK$0.66 each. The transaction, conducted under the company’s existing 20% general mandate, represents 20.00% of current issued share capital and 16.66% of the enlarged share base post-placement.

The placing price is set at an 18.52% discount to the 23 March 2026 closing price of HK$0.81 and a 17.29% discount to the five-day average closing price of HK$0.798. If fully subscribed, the deal will generate maximum gross proceeds of approximately HK$3.42 million. After deducting a fixed HK$0.20 million placing commission and other related expenses, net proceeds are projected at about HK$3.17 million, equating to a net issue price of roughly HK$0.612 per share.

Management intends to deploy the entire net proceeds to replenish general working capital. As at 30 September 2025, the Group’s cash and bank balance stood at approximately HK$0.26 million, underscoring the need to reinforce liquidity following tepid investor interest in the company’s previously proposed bond placement (announced on 19 September 2025, 18 December 2025, and 18 March 2026).

Post-transaction, assuming full placement and no other share capital changes, total issued shares will rise from 25.91 million to 31.10 million. The new placees will collectively hold 16.66%, existing public shareholders will retain 73.49%, and Tecway Technology Limited (controlled by Mr. Huang Minzhi) will maintain a 9.85% stake.

Completion is contingent upon the GEM Listing Committee approving the listing and permission to deal in the new shares on or before 13 April 2026. No shareholder approval is required due to the utilisation of the general mandate. The placing can be terminated by either party under specified adverse conditions up to 8:00 a.m. on the completion date.

Min Fu International focuses on smart manufacturing solutions and agricultural food technology and sales. Over the past 12 months, the company has not undertaken any other equity fund-raising exercises.