Glonghui, Feb. 13, 丨 Peking University Resources (00618.HK) announced that on February 9, 2024, the company plans to distribute a total of 600 million shares with a face value of HK$0.10 per share to authorized general subscribers (including Sea Ray Investment and Sleek Charm). The general authorized subscription price is HK$0.057 per share. Generally authorized subscription shares, or 600 million existing shares, account for (i) about 5.80% of the company's current issued share capital at the date of announcement; and (ii) approximately 5.48% of the company's issued share capital after being expanded through allotment and issuance of generally authorized subscription shares.

On February 9, 2024, the company entered into a WE subscription agreement with Wealth Elite. According to this, Wealth Elite conditionally agreed to subscribe, and the company conditionally agreed to allocate and issue a total of 250 million new shares with a face value of HK$0.01 per share. The WE subscription price was HK$0.228 per WE subscription share.

After the share capital restructuring comes into effect, assuming that no further allotment, issue or repurchase of existing shares (other than existing shares required to be allotted due to generally authorized subscription matters) will be issued from the date of announcement until the effective date of the share capital restructuring (including that date), 2,737,417,279 new shares will be issued immediately after the share capital restructuring takes effect. Assuming that the company has issued a total of 2,737,417,279 new shares after the share capital restructuring comes into effect, the shares subscribed by WE, or 250,000,000 new shares, will account for (i) approximately 9.13% of the total number of new shares issued after the share capital restructuring takes effect; and (ii) approximately 8.37% of the total number of new shares issued after the completion of WE subscription matters and the expansion of WE subscription shares after the share capital restructuring takes effect. The completion of WE subscription matters (including) after approval by independent shareholders at the special shareholders' meeting, the share capital restructuring takes effect, and the trading of new shares commences.