WS-SK Target Group Limited (Stock Code: 8427) Announces Subscription of New Shares Under General Mandate

Bulletin Express12-03

WS-SK Target Group Limited (Stock Code: 8427) entered into a subscription agreement on 3 December 2025 for the issuance of 216,000 new shares at HK$19.93 per share. These shares represent approximately 1.32% of the company’s existing issued share capital and will be issued under its existing General Mandate. The total proceeds are expected to be about HK$4,304,880, with net proceeds of about HK$4,239,880 after deducting related expenses.

According to the agreement, the subscription price represents a discount of around 14.61% to the closing price of HK$23.34 on 3 December 2025. Subject to regulatory approvals and fulfillment of all conditions, completion is expected on or before 24 December 2025. The company intends to use the net proceeds as general working capital to strengthen its financial position.

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