TJCD (02515) has entered into a subscription agreement with a subscriber on May 21, 2026. The subscriber has agreed to subscribe for a total of 51.79 million new shares at a price of HK$0.85 per share. The subscription price of HK$0.85 per share represents a discount of approximately 19.8% compared to the closing price of HK$1.06 per share as quoted on the Stock Exchange on the date of the agreement. The subscription shares will account for approximately 16.7% of the company's enlarged issued share capital following the completion of the issuance and allotment. The gross proceeds and net proceeds from the subscription are expected to be approximately HK$44.0 million and HK$43.8 million, respectively. The company intends to use the net proceeds from the subscription as working capital for the group. Approximately 60% will be allocated to cover ongoing administrative and operational expenses, about 20% will be used for project settlements, and the remaining 20% will be utilized for debt repayment within the group.