PACIFIC LEGEND (08547) announced on December 10, 2025, that the company has entered into a placement agreement with a placing agent. Under the agreement, the company conditionally agreed to place up to 98.53 million shares to no fewer than six independent third-party placees at HK$0.118 per share on a best-efforts basis.

The placement price of HK$0.118 per share represents a discount of approximately 4.07% to the closing price of HK$0.123 per share on the date of the agreement, and a 16.31% discount to the five-day average closing price of HK$0.141 per share prior to the agreement date.

The maximum number of placement shares accounts for 20% of the company's existing issued share capital as of the announcement date, and approximately 16.67% of the enlarged issued share capital post-placement (assuming no changes in issued capital from the announcement date until completion).

If all 98.53 million placement shares are subscribed, the gross proceeds will amount to approximately HK$11.6 million, with estimated net proceeds of HK$11.4 million (after deducting commissions and expenses), translating to a net issue price of about HK$0.115 per share.

The board intends to allocate the entire net proceeds for the group's working capital purposes.