CHINA NEXT-GEN (03928) plans to discount approximately 19.42% of the maximum 16 million shares to be issued for allotment.

CHINA NEXT-GEN (03928) announced that on February 10, 2026, it entered into a placing agreement with a placing agent, who agreed to act as the company's agent. According to the terms of the placing agreement and subject to certain conditions, the placing agent agreed to use its best efforts to procure no fewer than six placees to subscribe for up to 16 million shares of the placing shares at a placing price of HK$8.88 per share. The placing shares represent approximately 3.23% of the enlarged issued share capital of the company. The placing price of HK$8.88 per share represents a discount of approximately 19.42% to the closing market price of HK$11.02 per share on the last trading day on the Stock Exchange of Hong Kong. Assuming all placing shares are fully subscribed, the total gross proceeds and net proceeds (after deducting placing commission and all relevant expenses) are expected to be approximately HK$142 million and approximately HK$141 million, respectively. Based on this calculation, the net issue price per placing share will be approximately HK$8.80.