BEXCELLENT GP issues new shares at a 20% premium, raising a net amount of 12.57 million yuan

BEXCELLENT GP (01775.HK) announced that it will issue 25.38 million new shares to an independent third party, equivalent to an expanded share capital of 4.76%; the price per share is HKD 0.5, representing a premium of 20.48% compared to the last trading day (18th). The total amount raised is HKD 12.69 million, with a net amount of HKD 12.57 million, which is intended to be used for upgrading the infrastructure and technology of the teaching center; recruiting high-level teaching professionals and experts; promoting brand development and awareness; and daily operations