ARTGO HOLDINGS (03313) Plans to Place Up to 237 Million Shares at 19.70% Discount, Raising Approximately HK$24.77 Million

Stock News12-05

ARTGO HOLDINGS (03313) announced on December 5, 2025, that it has entered into a placing agreement with a placing agent. Under the agreement, the company conditionally agreed to authorize the placing agent to make its best efforts to place up to 237 million shares at HK$0.106 per share to no fewer than six independent third-party placees. The placing shares will be issued under the general mandate. Assuming no changes in the issued share capital from the announcement date to the completion date, the maximum 237 million placing shares represent approximately 20.00% of the company's existing issued share capital of 1.185 billion shares and about 16.67% of the enlarged issued share capital post-placement. The total nominal value of the placing shares will be HK$2.37 million. The placing price of HK$0.106 per share represents a discount of approximately 19.70% to the closing price of HK$0.132 per share on the Hong Kong Stock Exchange on the placing agreement date. The gross proceeds and net proceeds (after deducting commissions and related expenses) from the placing are expected to reach up to HK$25.12 million and HK$24.77 million, respectively. The net price per placing share is approximately HK$0.1045.

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