NEW SILKROAD (00472) has entered into a subscription agreement to issue a total of 642 million new shares at HK$0.215 per share. The 642 million subscription shares represent approximately 20.00% of the total issued shares as of the announcement date and about 16.67% of the enlarged issued share capital following the placement. The subscription price of HK$0.215 per share represents a discount of approximately 3.59% compared to the closing price of HK$0.223 per share on the Hong Kong Stock Exchange on April 28, 2026. The gross proceeds from the subscription are expected to be HK$138 million. After deducting all applicable costs and expenses related to the transaction, the net proceeds are estimated to be approximately HK$137.8 million, resulting in a net issue price of about HK$0.215 per share. The company plans to allocate the net proceeds as follows: approximately HK$55.10 million will be used for investment in the intelligent seed business; around HK$55.10 million is earmarked for investment in the semiconductor supply chain financing business; and about HK$27.56 million will be allocated for general working capital purposes, which includes covering employee costs, rental expenses, and other operational and corporate expenditures.