XH NEWS MEDIA (00309) has entered into a subscription agreement with subscriber Yu Huilin. The agreement, finalized after trading hours on the Hong Kong Stock Exchange on May 6, 2026, stipulates that the company will conditionally allot and issue 153 million subscription shares to Yu Huilin at a price of approximately HK$0.033 per share. The total subscription amount payable by the subscriber is about HK$5 million. This payment will be settled by offsetting the company's debt to the subscriber, which includes principal and interest totaling approximately HK$5.049 million as confirmed under a separate acknowledgment agreement. Assuming no change in the number of issued shares between the announcement date and the completion date, the 153 million subscription shares represent approximately 7.92% of the company's existing issued share capital as of the announcement date. Following the allotment and issuance of the subscription shares, they will constitute about 7.34% of the enlarged issued share capital. The subscription price of HK$0.033 per share represents a premium of 3.13% over the closing price of HK$0.032 per share quoted on the Hong Kong Stock Exchange on May 6, 2026.