Hao Wen Holdings Limited (8019) entered into a supplemental memorandum of understanding (MOU) with Chengmai Junli on 1 March 2026. According to the MOU, the company intends to place up to 106.00 million new shares under a specific mandate through a placing agent, representing approximately 22.94% of its enlarged issued share capital. The document also outlines the possibility of Chengmai Junli subscribing to these new shares.

The arrangements, including the placing price per share, are subject to further negotiations and the signing of definitive agreements. Both the potential placing and the potential subscription will require shareholders’ approval and compliance with relevant regulatory requirements. The company views the proposed share issuance as an opportunity to raise additional funding for general working capital and improve overall financial stability. However, there is no assurance that these transactions will be completed as outlined, and investors are advised to remain cautious when dealing in the company’s shares.