WING CHI HLDGS (06080) announced that on August 28, 2025 (after trading hours), the company entered into a placement agreement with a placing agent. The company has conditionally agreed to place up to 186.6 million placement shares on a best effort basis through the placing agent at a placement price of HK$0.085 per placement share to no fewer than six independent placees.

The placement shares represent approximately 16.66% of the enlarged issued share capital. The placement price of HK$0.085 per share represents a discount of approximately 15.84% to the closing price of HK$0.1012 per share on August 28, 2025.

Assuming the placing agent successfully places all placement shares, the maximum gross proceeds from the placement will be approximately HK$15.9 million. The maximum net proceeds from the placement will be approximately HK$15.2 million, which will be used for working capital and future business opportunities.