China Childcare Network (01736) plans to discount about 13.6% by issuing 4.629,600 subscription shares to raise a net of HK$2 million

Zhitong Finance App News, China Childcare Network (01736) issued an announcement. On December 29, 2025, the Company entered into such subscription agreements with each of these subscribers. The Company has already conditionally agreed to allocate and issue, and these subscribers have conditionally agreed to subscribe for a total of 4.6296 million subscription shares. The subscription price is HK$0.432 per share.

4.629,600 subscribed shares, accounting for about 10.71% of the total number of shares issued on the date of this announcement and about 9.68% of the total number of issued shares after being allocated and extended by issuing subscribed shares (assuming that there will be no change in the issued share capital of the Company between the date of this announcement and the date of allotment and issuance of subscribed shares).

The subscription price is HK$0.432 per subscription share compared to approximately 13.6% off the closing price of HK$0.50 per share as reported on the date of the subscription agreement; and the average closing price of HK$0.54 per share as reported by the Stock Exchange on the last five consecutive trading days up to the last trading day (including that date).

The Group intends to raise additional capital through the issuance of subscribed shares to improve the Group's financial position and reimburse some of the Group's outstanding professional expenses and expenses. The directors believe that the subscription is an opportunity for the Group to reduce its liabilities and expand the company's capital base and shareholder base. Therefore, the directors believe that the subscription matters conform to the overall interests of the Company and shareholders.

The total proceeds and net proceeds from the subscription will be approximately HK$2 million to be used to repay the portion of the Group's outstanding professional fees and expenses. The net subscription price for each subscribed share will be approximately HK$0.432. Based on the closing price of HK$0.50 per share on the date of these subscription agreements, the market value of the subscribed shares was approximately HK$2,314,800.