JIADING INTL GP (08153) announced that as of 6:00 PM on Friday, December 12, 2025 (the deadline for placing agents to allocate unsubscribed rights shares), all 6.9888 million unsubscribed rights shares were successfully placed at HK$0.60 per share, equivalent to the subscription price under the placement. Consequently, there was no distributable net proceeds for non-acting shareholders.
As all conditions related to the rights issue and placement as stated in the prospectus have been fulfilled, the rights issue and placement became unconditional on Monday, December 15, 2025. Prior to the completion of the rights issue and placement, the total issued shares stood at 23.1101 million.
Based on valid applications and acceptances under the provisional allotment letters and the results of the placement, 11.5551 million rights shares will be allotted and issued, representing 100% of the total rights shares offered under the rights issue.
To the best of the directors' knowledge, information, and belief after making reasonable inquiries, all placees and (where applicable) their ultimate beneficial owners are independent third parties. None of the placees became a major shareholder immediately following the completion of the placement.
The gross proceeds raised from the rights issue amount to approximately HK$6.93 million, with net proceeds (after deducting all related expenses) of around HK$6.20 million. The company plans to allocate approximately HK$2.40 million of the net proceeds for the normal operations of its advertising business, including prepayments to suppliers for ad placements, video/image/text production, etc. The remaining funds will be used as general working capital for the group, with HK$1.80 million allocated for salary payments and HK$2.00 million for professional fees and other corporate expenses.