China Zhuchen 81 (00810) plans a “2 to 5” benchmark share offering

Zhitong Finance App News, China Zhuchen 81 (00810) issued an announcement. The Company proposes to raise up to HK$51.93 million in total proceeds based on the subscription price of HK$0.102 for every 2 shares held on the record date by issuing a maximum of 509 million shares offered at a subscription price of HK$0.102 per share (assuming that the number of shares issued remains unchanged based on all subscriptions and the number of shares issued on or before the record date). The share offering is open only to eligible shareholders and will not be presented to excluded shareholders (if any).

The estimated net proceeds from the share offering (after deducting all related expenses) are approximately HK$49.24 million (assuming that the number of shares issued remains unchanged on or before the record date based on the full subscription of the shares offered). The net price of each share offered (after deducting the costs associated with the offering) will be approximately HK$0.0967 (assuming that the total number of shares subscribed and the number of shares remains unchanged).

Assuming that the total number of shares purchased on or before the record date remains unchanged, the Company intends to use approximately 70% (or about HK$34.47 million) of the net proceeds from the offering to invest in listed securities and unlisted securities, including but not limited to those in the artificial intelligence, digital assets and/or new energy sectors; and approximately 30% (or approximately HK$14.77 million) for the Group's general working capital, including the payment of staff costs, professional expenses, administrative expenses and other operating expenses as follows.