GOLDWAY EDU (08160) plans to sell a maximum of 29.052 million shares at a discount of approximately 16.0% to raise approximately HK$11.3 million

According to Zhitong Finance App, GOLDWAY EDU (08160) announced that on July 24, 2026, the Company entered into a placement agreement with the placement agent. According to this, the placement agent agreed to do its best to place up to 29.052 million new shares to no less than six independent contractors at a price of HK$0.395 per share.

A maximum of 29.052 million new shares will be placed by the placement agent according to full benchmarks. Assuming that all of the placed shares are placed, the placed shares account for approximately 14.29% of the Company's total issued share capital of the Company's 203 million shares as of the date of this announcement, and approximately 12.50% of the total issued share capital of the Company as of the date of this announcement. The face value of the shares placed is HK$14,526.

HK$0.395 per placement share. The placement price is a fair negotiation agreement between the Company and the placement agent after reference (including) the recent transaction price of the shares in GEM. Compared to the placement price: (a) the GEM closing price on July 24, 2026 (that is, the date of the placement agreement), a discount of approximately 16.0% per share of HK$0.47; (b) the average closing price of GEM on the last five full trading days immediately following July 24, 2026 (the date of the placement agreement) is approximately HK$0.488 per share with a discount of approximately 19.1% per share.

The maximum number of shares placed was 29.052 million shares, accounting for approximately 14.29% of the Company's total issued share capital of 203 million shares as of the date of this announcement, and approximately 12.50% of the Company's total issued share capital expanded through placement. The net proceeds from the placement are approximately HK$11.3 million (assuming that the placement shares are known and all related expenses have been deducted) and will be used for general working capital.