TA YANG GROUP (01991) plans to issue 120 million shares at a premium of approximately 21.95%, raising approximately HK$120 million.

TA YANG GROUP (01991) announced that on April 1, 2025, the company entered into a subscription agreement with subscribers. According to the agreement, the subscribers have conditionally agreed to subscribe for a total of 120 million shares at a subscription price of HK$0.1 per share, and the company has conditionally agreed to issue and allot these shares. Each subscriber is responsible under the subscription agreement on an individual basis (not jointly or jointly and severally), and their rights are separate and independent. No placement agent has been appointed for the subscription. The subscription price represents a premium of approximately 21.95% over the closing price of the company's shares on the Stock Exchange of Hong Kong on April 1, 2025 (i.e. the date of the subscription agreement) of HK$0.082 per share. The subscribed shares will be equivalent to approximately 9.14% of the company's existing issued shares as of the date of this announcement. The net proceeds of approximately HK$12 million will be used for the general working capital of the group to support further business development, including but not limited to its digital marketing business.