Linghang Yiyao Shengwu Keji (00399.HK) has entered into two subscription agreements to raise capital through a discounted share placement. On July 15, 2025, the company executed Subscription Agreement A with investor Zhang Biaobing for 60 million shares at HK$0.312 per share. Simultaneously, Subscription Agreement B was signed with investor Chen Jing for 30 million shares at the identical price point.

These subscription shares, totaling 90 million, will be issued under the company's general mandate authorization. Assuming no changes in issued share capital before completion, the Subscription A shares represent approximately 3.00% of existing issued capital and 2.92% of the enlarged capital base. Similarly, Subscription B shares constitute about 1.50% of current capital and 1.48% post-issuance.

Notably, the subscription price reflects a substantial 20% discount compared to the HK$0.39 closing price on the Hong Kong Stock Exchange on the agreement date. This strategic placement is projected to generate gross proceeds of approximately HK$28.08 million, with net proceeds estimated at HK$27.78 million after accounting for associated expenses.

Management intends to allocate the raised capital toward bolstering the group's operational liquidity. The board considers the current market conditions favorable for strengthening the company's financial foundation, noting that the discounted pricing emerged from fair negotiations with investors while providing an efficient capital-raising mechanism.