On October 3, 2024, hao tian intl (01341.HK) announced that it had entered into a placing agreement with the placing agent, whereby the company agreed, under certain conditions, to place up to a maximum of 1,524,224,000 placing shares to no fewer than six placees (and their ultimate beneficial owners are third parties independent of the company and its connected persons) at a placing price of HK$0.4 per placing share.

The maximum number of shares under the placing arrangement is equivalent to approximately 16.67% of the enlarged issued share capital after full allotment and issue of the placing shares (assuming the number of shares issued from the date of the placing agreement to the completion date of the placing arrangement remains unchanged). The placing price of HK$0.4 per share represents a discount of approximately 21.57% to the stock closing price of HK$0.510 per share as reported on the Exchange on the date of the placing agreement; The net proceeds from the placing arrangement are expected to be approximately HK$0.6 billion.