Jiangsu Horizon Chain Supermarket Company Limited (2625) announced on November 11, 2025, a proposed placing of up to 21,424,691 new H Shares under a general mandate. These new shares account for 10% of the company’s existing issued share capital and will represent approximately 9.09% of the enlarged capital after issuance. The planned placing price is HK$2.90 per share.

According to the announcement, the placing price reflects a discount of approximately 13.95% compared to the November 11 closing price of HK$3.37. It is also a discount of around 19.80% to the average closing price over the last five consecutive trading days and about 16.04% over the last ten consecutive trading days preceding November 11.

Gross proceeds could reach an estimated HK$62.13 million, while net proceeds are expected to be about HK$58.65 million after deducting relevant commissions and expenses. The announcement indicates these funds are scheduled for capital injection into Haike Hongxin Digital Technology (Jiangsu) Co., Ltd., a subsidiary focusing on digital technology solutions, data processing, e-commerce, and related technical services.

The placing is subject to conditions such as regulatory approval and the granting of listing permissions by the Hong Kong Stock Exchange. If the conditions are not met, the placing may or may not proceed. Shareholders and potential investors are advised to exercise caution in trading the company shares.