China New Consumption Group Limited (Stock Code: 8275) has entered into a Placing Agreement with SBI China Capital Financial Services Limited on November 24, 2025, for a best-effort placing of up to 143,997,475 new shares at HK$0.10 each. The maximum Placing Shares represent approximately 17.65% of the company’s existing issued share capital and about 15.00% of its enlarged share capital upon completion.

Assuming the Placing is fully subscribed, the gross proceeds are estimated at around HK$14.40 million, with net proceeds of approximately HK$14.20 million after related costs. The net price per Placing Share is about HK$0.099. The company intends to allocate about 50.70% of the net proceeds (around HK$7.20 million) for purchasing machinery for leasing and trading, while the remaining 49.30% (roughly HK$7.00 million) will be directed toward its financial services business, including money lending.

The Placing Price of HK$0.10 per share represents a discount of about 4.76% to the closing price of HK$0.105 on November 24, 2025, and about 11.19% to the average closing price of HK$0.1126 over the five consecutive trading days before that date. The Placing is subject to conditions, including the Stock Exchange granting approval for listing and dealing in the new shares, and may or may not proceed.

After completion, assuming all Placing Shares are subscribed, the company’s total issued shares will increase from 815,988,068 to 959,985,543. Major shareholders’ holdings will be proportionally diluted. The Placing Shares will be allotted under the General Mandate authorized at the company’s annual general meeting in July 2025, requiring no additional shareholder approval. Shareholders and potential investors are advised to exercise caution when dealing in the shares as the Placing is not guaranteed to complete.