Yaoxing Technology Group (08446) issued an announcementgringosbingoThe conditions precedent under these subscription agreements have been fulfilled and the subscription was completed on April 30, 2024.

On April 30, 2024, 3252gringosbingo.80,000 subscription shares have been allotted and issued to Subscriber Agringosbingo;3252gringosbingo.80,000 subscription shares have been allotted and issued to Subscriber B; 16.264 million subscription shares have been allotted and issued to Subscriber C; and 20.168 million subscription shares have been allotted and issued to Subscriber D at a subscription price of HK$0.165 per subscription share.

gringosbingo|耀星科技集团完成发行合共1.01亿股 净筹约1620万港元

The total and net proceeds from the subscription were approximately HK$16.7 million and HK$16.2 million respectively. The company intends to allocate the net proceeds for general corporate and working capital purposes.