According to the announcement by CH SUPPLY CHAIN (03708) on the APP of Smart Finance, on January 6, 2025, Subscriber I (Qingda Zongheng Holdings Group Co., Ltd.) and Subscriber II (Mr. Li Guoxun, a Hong Kong merchant) entered into a subscription agreement with the company, under the general authorization, Subscriber I and Subscriber II have conditionally agreed to subscribe, and the company has conditionally agreed to issue 0.6706 billion subscription shares and 0.4482 billion subscription shares to Subscriber I and Subscriber II respectively, at a subscription price of HKD 0.012 per subscription share, with a total price of HKD 13.4256 million.

The subscription shares account for about 20% of the company's issued share capital as of the announcement date; and about 16.67% of the company's issued share capital after the issuance of 1.1188 billion subscription shares (assuming there will be no changes to the issued share capital of the company from the date of the subscription agreement to the completion date, except for the issuance of such subscription shares). The subscription price of HKD 0.012 per subscription share represents a discount of about 20% compared to the closing price of HKD 0.015 per share reported on the Stock Exchange on January 6, 2025.

The total amount raised from the subscription will be approximately HKD 13.4256 million. After considering the estimated expenses related to the subscription, the net amount from the subscription is expected to be approximately HKD 13.42 million, which means a net price of HKD 0.012 per subscription share. The Group intends to use HKD 13.42 million for general working capital of the Group and/or to invest in potential new projects identified by the Group in the future.