On August 18th, Guolonghui reported that Numerica Group (02350.HK) announced that on August 18th, 2024, the company entered into a placement agreement with the placement agent (i.e., Richlink Securities (Hong Kong) Limited). Based on the general authorization and the terms and conditions of the placement agreement, the company has conditionally agreed to place up to 62.5 million placement shares to no fewer than 6 placees (and their ultimate beneficial owners are independent third parties) through the placement agent at a placement price of HKD 0.50 per placement share to the best of their efforts. The maximum number of placement shares accounts for approximately 10.00% of the Company's existing issued share capital and approximately 9.09% of the enlarged issued share capital after the placement. The placement price is approximately 19.36% lower than the closing market price per share of HKD 0.620 on the Stock Exchange of the last trading day immediately preceding the date of the placement agreement on August 16th, 2024. The total amount of proceeds and the upper limit of the net proceeds from the placement will be approximately HKD 31.25 million and HKD 30.76 million, respectively. The Company plans to use the net proceeds from the placement for the general working capital and debt repayment of the group.

The maximum number of placement shares accounts for approximately 10.00% of the Company's existing issued share capital and approximately 9.09% of the enlarged issued share capital after the placement. The placement price is approximately 19.36% lower than the closing market price per share of HKD 0.620 on the Stock Exchange of the last trading day immediately preceding the date of the placement agreement on August 16th, 2024. The total amount of proceeds and the upper limit of the net proceeds from the placement will be approximately HKD 31.25 million and HKD 30.76 million, respectively. The Company plans to use the net proceeds from the placement for the general working capital and debt repayment of the group.