RUIHE DATA (03680) plans to discount 18.65% of the maximum 130 million shares for a net raise of approximately 38.6 million Hong Kong dollars.

RUIHE DATA (03680) announces that after the trading hours on May 2, 2025, the company has entered into a placing agreement with the placing agent, whereby the company conditionally agrees to appoint the placing agent to use its best efforts to place up to 130 million placing shares to no fewer than six placees, who are independent third parties with each having its ultimate beneficial owner. The placing price per placing share is HK$0.301. The maximum number of placing shares represents approximately 19.67% of the existing issued share capital of the company as of the date of this announcement; and approximately 16.44% of the existing issued share capital of the company after the placing shares have been issued. The placing price per placing share is HK$0.301, representing a discount of approximately 18.65% to the closing price of HK$0.370 per share on the last trading day reported in the Stock Exchange of Hong Kong; and a discount of approximately 19.73% to the average closing price of approximately HK$0.375 per share over the five consecutive trading days immediately preceding the last trading day reported in the Stock Exchange of Hong Kong. If all the placing shares under the placing agreement are fully placed, the expected total proceeds from the placing are approximately HK$39.1 million, with a net amount of approximately HK$38.6 million after deducting commissions and other expenses. It is anticipated that 80% of the net proceeds from the placing will be used to repay the group's borrowings, while the remaining 20% will be used to supplement the company's general working capital to support its business operations, including but not limited to employee costs, professional fees, rent, and interest expenses.