YAO XING TECHNOLOGY GROUP ANNOUNCED ON 8 APRIL 2024 THAT THE COMPANY HAS ENTERED INTO SUBSCRIPTION AGREEMENTS WITH FOUR SUBSCRIBERS, CONDITIONALLY AGREEING TO ISSUE A TOTAL OF 101,488,000 NEW SHARES AT A SUBSCRIPTION PRICE OF HK$0.165 PER SHARE. The subscribed shares represent approximately 12.48% of the Company's existing issued share capital and approximately 11.09% of the enlarged issued share capital. Upon completion of the subscription, the net proceeds of approximately HK$16.2 million are expected to be used for general corporate and operating capital. The subscription price represents a discount of approximately 17.50% compared to the closing price at the date of the subscription agreement and approximately 1.85% of the premium per share attributable to shareholders of the audited consolidated net assets. Subscriptions may or may not be completed before prerequisites are met or waived. Shareholders and potential investors should act with caution.

YAO XING TECHNOLOGY GROUP ANNOUNCED ON 8 APRIL 2024 THAT THE COMPANY HAS ENTERED INTO SUBSCRIPTION AGREEMENTS WITH FOUR SUBSCRIBERS, CONDITIONALLY AGREEING TO ISSUE A TOTAL OF 101,488,000 NEW SHARES AT A SUBSCRIPTION PRICE OF HK$0.165 PER SHARE. The subscribed shares represent approximately 12.48% of the Company's existing issued share capital and approximately 11.09% of the enlarged issued share capital. Upon completion of the subscription, the net proceeds of approximately HK$16.2 million are expected to be used for general corporate and operating capital. The subscription price represents a discount of approximately 17.50% compared to the closing price at the date of the subscription agreement and approximately 1.85% of the premium per share attributable to shareholders of the audited consolidated net assets. Subscriptions may or may not be completed before prerequisites are met or waived. Shareholders and potential investors should act with caution.