UBOX ONLINE (02429) plans to offer a discount of approximately 16.95% to issue up to 157.5 million shares for sale.

UBOX ONLINE (02429) Announcement, on September 19, 2025, the Company entered into a placing agreement with the placing agents. The Company agreed to appoint the placing agents, and the placing agents agreed to use their best efforts to solicit not fewer than 6 placees (who will be institutional professional investors, and their ultimate beneficial owners will be independent third parties) to subscribe for up to 1.575 billion placing shares at a placing price of HK$2.45 per share. The 1.575 billion placing shares under the placing will represent approximately 19.96% of the total number of H shares issued as of the date of this announcement and approximately 18.94% of the total number of issued shares, and approximately 16.64% of the total number of H shares issued after the completion of the placing and the issue of placing shares. The placing price of HK$2.45 per share represents a discount of approximately 16.95% to the closing price of H shares of HK$2.95 per share on the Stock Exchange on September 19, 2025. Assuming all placing shares are fully placed and completed, the total gross proceeds of the placing are estimated to be approximately HK$386 million, and the estimated net proceeds are approximately HK$383 million. Based on this, the net placing price is estimated to be approximately HK$2.43 per share. Approximately 20.0% of the net proceeds of the placing will be used for the development of products based on proprietary intellectual property; approximately 20.0% will be used to support the expansion of offline sales channels for products based on proprietary intellectual property; approximately 30.0% will be used to purchase fixed assets, including but not limited to vending machines expected to sell products based on proprietary intellectual property; and approximately 30.0% will be used for working capital and other general corporate purposes. The Directors believe that the placing will enhance the liquidity and financial position of the Group, expand the shareholder base of the Company, optimize the capital structure of the Company, and support the healthy and sustainable development of the Company.