Simplicity Holdings (08367) plans to offer a discount of approximately 16.67% for the subscription of up to 13.8 million new shares.

Simplicity Holding (08367) announced that on September 12, 2025, the company entered into a placement agreement with the placing agent, who agreed to place a maximum of 13.8 million new shares on behalf of the company to no fewer than six independent placing parties at a price of HK$0.180 per share. The placing price of HK$0.180 per share represents a discount of approximately 16.67% to the closing price of HK$0.216 per share on the GEM on September 12, 2025. The maximum number of shares to be placed is 13.8 million, which is equivalent to approximately 19.99% of the company's total issued share capital of 69.05 million shares as of the date of the announcement, and approximately 16.67% after the placement. The net proceeds from the placement, approximately HK$2.43 million (assuming full subscription of the placing shares and after deducting all relevant expenses), will be used for the company's general working capital purposes. The directors believe that the placement is a good opportunity for the company to expand its shareholder base and capital base, as well as to raise funds for the company's working capital needs. The directors are of the opinion that the terms of the placement agreement are fair and reasonable, and are in the overall interests of the company and its shareholders.