GOLDENPOWER (03919) has announced that on October 24, 2025, the company entered into a subscription agreement with subscribers who have conditionally agreed to purchase shares. The company has conditionally accepted to issue a total of 6.48 million shares at a subscription price of HKD 1.00 per share. The shares will be issued under the general mandate. The total gross proceeds from the subscription will be approximately HKD 6.48 million, with the net proceeds estimated at around HKD 6.40 million. Assuming there are no changes in the company's issued share capital from the date of this announcement until completion, the subscription shares will represent 20% of the existing issued share capital as of this announcement date, and approximately 16.7% of the issued share capital after the subscription shares are issued. The subscription price represents a discount of about 13.0% to the closing price of HKD 1.15 per share on the Stock Exchange on October 24, 2025 (the date of the subscription agreement), and a discount of approximately 10.7% to the average closing price of HKD 1.12 per share over the last five consecutive trading days prior to the date of the subscription agreement.