According to the Zhitong Finance App, Ziyuan (08223) announced that on December 29, 2023, the company plans to issue 15 million subscription shares to Yu Jianping and Zheng Zhihong respectively. The subscription price for each subscribed share is HK$1.47, a discount of about 19.23% from the closing price of HK$1.82 per share. Net funding of approximately HK$43.5 million is intended to be used for general working capital to develop the Group's financial leasing business and medical device and consumables trading business.

On the same day, that is, the final expiration date of the placement agreement, the preconditions of the placement agreement have not been reached, the placement agreement and the transactions to be carried out under it have expired and terminated, the placement matters will not take place, all obligations and responsibilities of the parties under this agreement shall cease and determine, and no party shall file any claim against the other party (other than any prior breach of contract).