The Dafeng Sukai (08403) plans to discount about 19.46% for the maximum issuance of 15.2 million shares. The net proceeds are approximately 35.70 million Hong Kong dollars.

DaFeng Inn (08403) announced that on April 10, 2026 (after trading hours), it has entered into a placement agreement with a placement agent. In accordance with this agreement, the Company has conditionally agreed to issue up to 15.2 million shares at a placement price of HK$2.40 per share to not less than six placees (who are independent third parties and their beneficial owners if applicable). The shares will be allotted and issued under the Company's general mandate. Assuming that there are no changes in the Company's issued share capital from the date of this announcement to the completion date, the maximum number of shares to be placed under the placement represents approximately 9.87% of the Company's existing issued share capital of 154 million shares as of the announcement date; and approximately 8.98% after the issuance of the shares. The total nominal value of the maximum number of shares to be placed under the placement, calculated at a nominal value of $0.002 per share, will be US$30,400. The placement price of HK$2.40 per share represents a discount of approximately 19.46% compared to the closing price of HK$2.980 per share reported on the Stock Exchange on the date of the placement agreement. The expected total gross proceeds and net proceeds from the placement are approximately HK$36.48 million and approximately HK$35.70 million, respectively. Assuming all the placed shares are successfully sold, the net price per share will be approximately HK$2.35. The Company plans to use approximately HK$15 million for exhibition and event-related businesses; approximately HK$8 million for expanding advertising-related businesses; approximately HK$2.7 million for the continuous development of the platform and allocation of technical personnel; and the balance of approximately HK$10 million for the Company's general working capital.