DUFU LIQUOR GP (00986) has announced that on September 3, 2026, following the close of trading, the company entered into a placing agreement with its placing agent. Under the terms of this agreement, the company has conditionally agreed to place up to 25.89 million placing shares at a placing price of HK$0.260 per share on a best-effort basis to no fewer than six placees, all of whom are independent third parties, institutions, or other professional investors unrelated to the company and its connected persons.

These placing shares will be allotted and issued under the general mandate. Assuming there is no change in the company's issued share capital between the announcement date and the completion date of the placing, the maximum of 25.89 million placing shares represents approximately 20% of the company's issued share capital as of the announcement date, and approximately 16.67% of the enlarged issued share capital following full allotment and issuance of the placing shares.

The placing price of HK$0.260 per share is identical to the closing price quoted on the Stock Exchange on the date of the placing agreement, meaning there is neither a discount nor a premium. Assuming all placing shares are fully subscribed, the estimated gross proceeds and net proceeds from the placing (after deducting placing commission, other related expenses, and professional fees) would be approximately HK$6.7 million and HK$6.5 million, respectively.

The company intends to use the net proceeds from the placing for the group's general working capital purposes, including but not limited to settling the group's operating costs, employee costs, rental expenses, and professional fees.