According to the Zhongtong Finance and Economics APP, Kingbo Strike (01421) announced that after the trading session on November 28, 2024, the company entered into a placement agreement with the placement agent. Based on this, the placement agent has conditionally agreed to act as the company's agent to use its best efforts to ensure that no fewer than six underwriters (including their ultimate beneficial owners and parties acting in concert, must be independent third parties) subscribe for up to 16.68 million shares of placement shares at a placement price of HK$0.2 per share. The placement price per share: a discount of approximately 19.68% compared to the stock price of HK$0.249 per share reported on the exchange on the date of the placement agreement.

The net proceeds from the placement, after deducting the placement commission and other related expenses of the placement (including professional fees), are expected to be approximately 3.1 million Hong Kong dollars, resulting in a net issue price per share of about HK$0.186 for each placement share.