Yimei International Holdings (01870) completed the placement of a total of 30 million shares to raise about HK$16.1 million

Zhitong Finance App News, Yimei International Holdings (01870) issued an announcement. All prerequisites contained in the placement agreement have been fulfilled, and the placement matters have been completed on December 19, 2025 in accordance with its terms and conditions. A total of 30 million shares were placed, which is equivalent to approximately 3.04% of the company's issued share capital immediately before the placement was completed; and as of the date of this announcement, the company's issued share capital of about 2.95% was expanded through allotment and issuance of all placed shares. It has been successfully allotted and issued to no less than six independent underwriters at the placement price of HK$0.55 per share.

The total proceeds from the placement were HK$16.5 million, while the net proceeds (after deducting placement commissions, legal expenses and other related costs and expenses incidental to the placement) were approximately HK$16.1 million. The Board of Directors intends to use the net cash proceeds from the placement in the following ways: of which the net proceeds from the placement are about HK$6.4 million or 40% to develop the electricity trading business and other related potential green power energy projects in China; and approximately HK$9.7 million or about 60% of the net proceeds from the placement are used to maintain the Group's general working capital, including but not limited to professional expenses, employee salaries, office rent, utilities and other expenses.