Aerospace Hi-Tech Holding Group Limited ("Aerospace Hi-Tech") announced on June 14, 2024 that the company has signed a subscription agreement with individual investor Mr. Renran, under which Aerospace Hi-Tech will issue and distribute 31,800,000 new shares to Mr. Renran, equivalent to approximately 8.89% of the company's issued share capital. The subscription price is HKD1.01 per share, a discount of approximately 14.41% from the closing price of HKD1.18 on the last trading day, and a discount of approximately 19.33% from the average closing price of HKD1.252 in the last five trading days. Upon completion of the subscription, Aerospace Hi-Tech will raise approximately HKD32.12 million in total proceeds, with a net amount of approximately HKD31.8 million after deducting relevant expenses, which is expected to be used for the...Show More

Aerospace Hi-Tech Holding Group Limited ("Aerospace Hi-Tech") announced on June 14, 2024 that the company has signed a subscription agreement with individual investor Mr. Renran, under which Aerospace Hi-Tech will issue and distribute 31,800,000 new shares to Mr. Renran, equivalent to approximately 8.89% of the company's issued share capital. The subscription price is HKD1.01 per share, a discount of approximately 14.41% from the closing price of HKD1.18 on the last trading day, and a discount of approximately 19.33% from the average closing price of HKD1.252 in the last five trading days. Upon completion of the subscription, Aerospace Hi-Tech will raise approximately HKD32.12 million in total proceeds, with a net amount of approximately HKD31.8 million after deducting relevant expenses, which is expected to be used for the group's general working capital. The completion of the subscription is still subject to several conditions, including obtaining necessary approvals and consents, and must be completed on or before July 5, 2024. Aerospace Hi-Tech reminds shareholders and potential investors to act prudently when buying or selling shares, as the subscription may or may not take place.