Xingkai Holdings (01166) plans to place a premium of about 8.82% with a maximum placement of 23.74 million shares to raise about HK$8.4838 million

According to the Zhitong Finance App, Xingkai Holdings (01166) issued an announcement. On December 3, 2025, the company signed a placement agreement with the placement agent. According to this, the placement agent has agreed to facilitate the placement of up to 23.74 million shares to no less than six undertakers according to the best effort criteria. The placement price is HK$0.37 per share. Placing matters are subject to approval by the Listing Committee (including) of the listing and sale of the placement shares before they can be implemented.

Assuming that there is no change in the issued share capital of the company from the date of this announcement to the completion of the placement, the maximum number of 23.74 million shares placed is equivalent to about 20.00% of the company's current issued share capital at the date of this announcement; and about 16.66% of the company's issued share capital after being expanded through allotment and issuance of placed shares. The total face value of the maximum number of shares to be placed under the placement items will be HK$4.748 million. The placement price was HK$0.37 per share, a premium of approximately 8.82% over the closing price of HK$0.34 per share as reported on the Stock Exchange on December 3, 2025.

Assuming that all of the placed shares are sold, the maximum amount of proceeds from the placement is expected to be HK$8.7838 million, while the net proceeds from the placement (after deducting all applicable costs and expenses, including placement commissions and levies) will be approximately HK$8.4838 million, or approximately HK$0.357 per share. The Company intends to use the net proceeds from the placement for the following purposes: approximately HK$5 million for the repair and maintenance expenses of the Group's investment properties, and the balance for the Group's general working capital.