According to the announcement from V&V Tech (08113) on the Zhitong Finance and Economics app, the board of directors recommends that for every 2 shares held on the record date, 1 share subscription share will be granted at a subscription price of 0.05 Hong Kong dollars per share subscription share, raising up to approximately 485 million shares of subscription shares, with the total amount raised not exceeding approximately 24.2 million Hong Kong dollars (before expenses) (assuming no change in the number of shares issued as of the record date or earlier).

The estimated net proceeds from the rights issue (assuming full subscription) after deducting all necessary expenses will be up to approximately 23.4 million Hong Kong dollars.