LC Logistics (Hong Kong-listed, ticker 02490) has signed a placing agreement with CCB International, Somerley Capital, Skyvast Securities and Lego Securities to issue 42.15 million new shares at HK$3.30 each.

Key Terms • Size and Dilution: The new shares equal 7.36% of the current issued share capital (excluding treasury shares) and 6.86% of the enlarged share base after issuance, taking total shares to 614.69 million. • Pricing: The HK$3.30 placing price represents a 17.09% discount to the 11 June 2026 closing price of HK$3.98 and a 16.46% discount to the five-day average of HK$3.95. • Proceeds: Gross proceeds are estimated at HK$139.11 million; net proceeds after fees and expenses are expected to be HK$137.54 million, implying a net issue price of HK$3.26 per share. • Use of Funds: Approximately HK$123.79 million (90%) is earmarked for potential strategic acquisitions in niche logistics markets; roughly HK$13.75 million (10%) will serve as general working capital, mainly staff, rental, administrative costs and supplier payments. • Mandate & Approvals: Shares will be issued under the existing 20% general mandate approved at the May 2025 AGM (up to 114.51 million shares remain available). No additional shareholder vote is required. Listing approval from HKEX is pending. • Timing & Conditions: Completion is targeted by 22 June 2026, subject to customary conditions including HKEX listing approval and no material adverse events. • Lock-up: The company has agreed not to issue or place additional equity securities for 30 days post-closing, excluding employee share-incentive exercises. • Shareholding Impact: Post-placement, public float expands, with new investors (“Placees”) collectively holding 6.86% of issued shares. The largest shareholder, Lecang Altitude Limited, will see its stake diluted from 26.51% to 24.69%. • Fund-raising History: LC Logistics has not conducted any equity financing in the past 12 months.

Management views the placement as a means to bolster capital for future acquisitions and strengthen liquidity in support of long-term strategic expansion. Completion remains subject to the satisfaction (or waiver) of conditions in the placing agreement; investors are advised to exercise caution when dealing in the shares.