WAN KEI GROUP (01718) announced that on August 15, 2025, the company entered into a subscription agreement with subscriber Zhongshen Xihe Industrial. The company has conditionally agreed to allot and issue, and the subscriber has conditionally agreed to subscribe for, 23.04 million subscription shares. The subscription shares represent approximately 9.09% of the enlarged issued share capital. The subscription price is HK$0.215 per subscription share, representing a discount of approximately 10.04% to the closing price of HK$0.239 per share on August 15, 2025. The gross proceeds from the subscription will be approximately HK$5 million, while the net proceeds will be approximately HK$4.8 million (after deducting subscription expenses), representing a net issue price of approximately HK$0.208 per subscription share. The directors intend to use the net proceeds from the subscription for the Group's general working capital.