Yimei International Holdings (01870): Termination of the placement of new shares under a general mandate

Zhitong Finance App News, Yimei International Holdings (01870) issued an announcement regarding the proposed placement of up to 50 million shares. Based on market conditions, the company and the placement agent have mutually agreed to terminate the placement agreement, which took effect immediately, and signed a termination agreement on August 5, 2026. According to this, the placement agreement will be terminated immediately and will no longer have effect, and notwithstanding any provision of the placement agreement, the parties must absolutely discharge and absolve the other party from all past, present and future duties, obligations and liabilities under the placement agreement.

The directors believe that the termination of the placement agreement and the proposed placement matters under it did not have a significant adverse effect on the Group's business operations and financial position. After considering the Group's future development and market conditions, the company may consider further fund-raising activities.