The Futubull account will need to be used. Aidigong (00286) announced that on June 20, 2024, the company plans to sell up to 44.35 million shares at a subscription price of HKD 1.68 per share, a discount of approximately 14.29% compared to the theoretical closing price of HKD 1.96 per share (after taking into account the effect of share consolidation) on June 20.

Assuming that, other than the share consolidation, there are no further changes to the issued share capital of the Company from the date of this announcement to the completion date, the maximum number of shares to be allotted for subscription represents approximately: 30.00% of the total number of consolidated shares in issue on the date of this announcement (assuming the share consolidation takes effect); and 23.08% of the total number of consolidated shares in issue after the allotment and issue of all the subscription shares (assuming the share consolidation takes effect).

Assuming full subscription of all the subscription shares, the total proceeds of the subscription are expected to be HKD 74.508 million, and the expected net proceeds will be approximately HKD 72.114 million. The Company intends to use the net proceeds of the subscription, which is expected to be approximately HKD 50.48 million, to repay group loans and other payables, and approximately HKD 21.634 million for general working capital of the group.