XIMEI RESOURCES (09936) announced that on September 19, 2025 (after trading hours), the company entered into a placement agreement with a placing agent. Under the agreement, the placing agent has conditionally agreed to act as the company's placing agent to procure, on a best efforts basis, not fewer than 6 placees to subscribe for up to 20 million placement shares at a placement price of HK$5.0 per share.

The placement price of HK$5.0 per placement share represents a discount of approximately 15.25% to the closing price of HK$5.90 per share as quoted on the Stock Exchange on the date of the placement agreement. Assuming no change in the total number of issued shares from the date of this announcement to the completion date, the maximum of 20 million placement shares represents approximately 5.26% of the enlarged total issued share capital following the allotment and issuance of the placement shares.

The estimated net proceeds from the placement will be approximately HK$98.5 million. The company intends to use the net proceeds from the placement for general working capital purposes.