PACIFIC LEGEND (08547) announced that the conditions under the subscription agreements dated November 14, 2025 (Subscription I) and November 18, 2025 (Subscription II) have been fulfilled. The transactions were completed on November 21 and November 25, 2025, respectively, in accordance with the terms of the agreements.

A total of 82.1 million new shares, representing (i) approximately 20% of the company's issued share capital immediately before completion and (ii) about 16.67% of the enlarged issued share capital post-allotment, were successfully issued at HK$0.17 per share.

The breakdown includes (i) 65 million new shares issued to Subscriber I and (ii) 17.1 million new shares issued to Subscriber II. Following completion, Subscriber I will become a major shareholder and a connected person of the company.

Subscription I generated gross proceeds of HK$11.05 million and net proceeds of approximately HK$11.035 million, while Subscription II raised HK$2.907 million gross and HK$2.892 million net. The net proceeds from both subscriptions will be utilized as outlined in the respective announcements.