OKURA HOLDINGS (01655) announced that on November 7, 2025 (after trading hours), the company entered into a placement agreement with a placing agent. Under the agreement, the company conditionally appointed the placing agent to facilitate subscriptions by no fewer than six placees for up to 120 million placement shares at a price of HK$0.18 per share. The placement shares will be allotted and issued under the general mandate.

The placement price of HK$0.18 per share represents a premium of approximately 14.65% over the closing price of HK$0.157 per share on the Hong Kong Stock Exchange on the date of the placement agreement.

Assuming no changes in the company's issued share capital from the date of this announcement to the completion date, the maximum of 120 million placement shares would represent about 16.7% of the company's total issued share capital post-completion.

If all placement shares are successfully placed, the gross proceeds from the placement are expected to be HK$21.6 million, while the net proceeds (after deducting commissions payable to the placing agent and other related costs and expenses) are estimated to be approximately HK$19 million.

The company intends to allocate about 50% and 30% of the net proceeds for the purchase of Japanese pachinko machines and Japanese slot machines, respectively, as well as for the renovation or upgrading of the group's existing pachinko game halls and marketing expenses. The remaining 20% will be used for the group's general working capital.