UBOX ONLINE plans to issue up to 157.5 million placement shares at a discount of approximately 16.95%

UBOX ONLINE announced plans to place up to 157.5 million shares at a price of HKD 2.45 per share, representing a discount of approximately 16.95%. The shares being placed account for about 19.96% of the issued H shares and approximately 18.94% of the total issued shares. The total amount expected to be raised from the placement is approximately HKD 386 million, with a net amount of about HKD 383 million, primarily for the development of products, expansion of sales channels, acquisition of fixed assets, and working capital. The board of directors believes that this move will enhance liquidity and financial condition, optimize capital structure, and support sustainable development