PACIFIC LEGEND (08547) plans to increase its authorized share capital to 300 million Hong Kong dollars.

PACIFIC LEGEND (08547) announced that the board of directors proposes to seek shareholder approval at a special general meeting for a resolution to increase its authorized share capital from HKD 100 million (divided into 1 billion shares) to HKD 300 million (divided into 3 billion shares) by creating an additional 2 billion unissued shares. On August 19, 2026 (after trading hours), the company entered into a subscription agreement with the subscriber, Ms. Wong Yat Cheung, to issue approximately 177 million subscription shares at a subscription price of HKD 0.138 per subscription share, which represents a premium of about 43.75% over the closing price of HKD 0.096 per share reported on the Stock Exchange on the date of the subscription agreement. The net proceeds from the subscription are expected to be approximately HKD 24 million, which will be used as general working capital for the group.