YUNFENG FIN (00376) Completes Placement of 191.3 Million Existing Shares

Stock News
09/23

YUNFENG FIN (00376) announced that the placement was completed on September 18, 2025, in accordance with the terms and conditions of the placement and subscription agreement. The placing agent successfully placed a total of 191.3 million existing shares to no fewer than six placees on a best efforts basis at a placement price of HK$6.10 per placing share. To the best knowledge, information and belief of the directors after making all reasonable enquiries, the placees and their ultimate beneficial owners are independent third parties. Following completion of the placement and subscription, none of the placees became substantial shareholders of the company.

As all conditions for completion of the subscription have been fulfilled, the company allotted and issued 191.3 million subscription shares to the vendor at HK$6.10 per subscription share on September 23, 2025, pursuant to the terms and conditions of the placement and subscription agreement. The gross proceeds and net proceeds from the subscription amounted to approximately HK$1.17 billion and HK$1.15 billion respectively.

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