CHINA NEW HLDGS (08125) plans to offer approximately 14.4% of its shares for sale, with a maximum of 20.68 million shares available. The net proceeds are expected to be around HKD 7.41 million.

CHINA NEW HLDGS (08125) announced that on July 22, 2026 (after the trading session), the company entered into a placing agreement with the placing agent. According to the agreement, the placing agent has agreed to place a maximum of 20.6821 million new shares on behalf of the company to not less than six independent placees at a placing price of HK$0.385 per share. The placing price of HK$0.385 per share represents a discount of approximately 14.4% to the closing price of HK$0.45 per share on the GEM on July 22, 2026 (the date of the placing agreement). The placing is subject to approval or approval for the listing and trading of the placing shares by the Stock Exchange Listing Committee. If the conditions are not met, the placing will not proceed. The maximum of 20.6821 million placing shares represents approximately 10.55% of the company's total issued share capital of 196 million shares as of the date of the announcement, and approximately 9.54% of the company's total issued share capital after the placing. The net proceeds from the placing of approximately HK$7.41 million (assuming full allocation of placing shares and deduction of all related expenses) are intended for use as working capital and for future investments of the group when opportunities arise. However, specific investment targets have not yet been determined as of the date of the announcement.