YNBY INTL (00030) plans to reduce the offering by about 20% with a maximum of 1.36 billion shares The estimated net proceeds from the offering are expected to be approximately HK$156 million.

YNBY INTL (00030) announced that on May 2, 2025 (non-trading hours), the company and the placing agent entered into a placing agreement. The company agreed to sell, while the placing agent agreed to act as the placing agent and use its best efforts to encourage subscribers to subscribe for the placing shares at a placing price of HK$0.116 per share. The maximum number of placing shares is 1.36 billion new shares, representing approximately 20.00% of the company's existing issued share capital as of the date of this announcement and approximately 16.67% of the enlarged issued share capital after the placement and issuance of placing shares (assuming that there is no change in the company's issued share capital from the date of this announcement until the completion of the placement). The maximum total face value of the placing shares will be HK$135.98 million. The placing shares will be placed by the placing agent to at least six subscribers and their respective ultimate beneficial owners (all independent third parties). The placement of shares is subject to approval by the Listing Committee of the Stock Exchange on May 23, 2025, or any other date agreed upon in writing by the company and the placing agent for the listing and trading of the placing shares. The placing price is HK$0.116 per share, representing a discount of approximately 20.00% to the closing price per share on the last trading day reported on the Stock Exchange; and a discount of approximately 10.22% to the average closing price per share reported on the Stock Exchange for the last 5 consecutive trading days prior to the last trading day. The estimated net proceeds from the placement are expected to be approximately HK$156 million. Therefore, the estimated net placement price is approximately HK$0.115 per placing share. The company plans to use 60% of the estimated net proceeds from the placement to support the related costs of international business development, especially in the Association of Southeast Asian Nations (ASEAN) for OEM/ODM manufacturing and services, product marketing and sales, product registration, development of trade networks in ASEAN, and development of health food networks in ASEAN; and 40% of the estimated net proceeds from the placement for general operating capital and for investments/expansion of the group when opportunities arise in the future.