On 21 October 2025, China Wood International Holding Co., Limited (1822) entered into a placing agreement with Cheong Lee Securities Limited, under which the placing agent will arrange subscriptions for up to 164,460,000 new shares on a best-effort basis at HK$0.10 per share. The shares represent around 19.99% of the company’s existing issued share capital, or approximately 16.66% of the enlarged total.

The placing price of HK$0.10 per share reflects a discount of about 9.91% relative to the HK$0.111 closing price on 21 October 2025 and a discount of around 19.87% compared with the five-day average closing price of HK$0.1248. Assuming full completion, the maximum gross proceeds will total HK$16.446 million, with estimated net proceeds of roughly HK$16.27 million designated for further expansion of the group’s food and beverage operations.

The transaction will proceed under a general mandate, eliminating the need for additional shareholder approval. Following completion, the largest shareholder’s stake in the company would be reduced from approximately 54.98% to about 45.82%, while public shareholders would hold around 37.52%, assuming all shares are placed in full. The placing remains subject to various conditions, and shareholders and investors are advised to exercise caution when dealing in the company’s securities.