On December 29, 2025, the Company entered into the Subscription Agreements with the respective Subscribers, pursuant to which the Company conditionally agreed to allot and issue, and the Subscribers conditionally agreed to subscribe for, an aggregate of 4.6296 million Subscription Shares at a subscription price of HK$0.432 per Subscription Share. The 4.6296 million Subscription Shares represent approximately 10.71% of the total issued shares as of the date of this announcement and approximately 9.68% of the total issued share capital as enlarged by the allotment and issue of the Subscription Shares (assuming no change in the Company's issued share capital between the date of this announcement and the date of allotment and issue of the Subscription Shares). The subscription price of HK$0.432 per Subscription Share represents a discount of approximately 13.6% to the closing price of HK$0.50 per Share as quoted on the Stock Exchange on the date of the Subscription Agreements, and a discount of approximately 20% to the average closing price of HK$0.54 per Share for the last five consecutive trading days up to and including the Last Trading Day. The Group intends to raise additional funds through the issuance of the Subscription Shares to improve the Group's financial position and repay part of the Group's outstanding professional fees and expenses. The Directors are of the view that the Subscription provides an opportunity for the Group to reduce its liabilities and to broaden the Company's capital base and shareholder base. Consequently, the Directors believe that the Subscription is in the overall interests of the Company and its shareholders. The gross proceeds and net proceeds from the Subscription are expected to be approximately HK$2 million, which are intended to be used to repay part of the Group's outstanding professional fees and expenses. The net subscription price per Subscription Share is approximately HK$0.432. Based on the closing price of HK$0.50 per Share on the date of the Subscription Agreements, the market value of the Subscription Shares is approximately HK$2.3148 million.