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