WUXI LIFE (08148) announced that on August 21, 2025, the company intends to place up to 25.4528 million placement shares, representing approximately 6.3% of the company's enlarged issued share capital following the allotment and issuance of the placement shares.

The placement price of HK$0.55 per placement share represents a discount of approximately 19.12% compared to the closing price of HK$0.68 per share on August 21.

Assuming all placement shares are fully placed, the net proceeds from the placement will be approximately HK$13.5 million. The company plans to utilize the net proceeds in the following manner: no less than 70% for expanding the group's product sales business, and the remainder for the group's general working capital.