Core Viewpoint - YouRan Agriculture (09858) has successfully completed a placement of 299.25 million shares at a price of HKD 3.92 per share, raising approximately HKD 1.158 billion in net proceeds [1] Group 1: Placement and Subscription Details - The placement was completed on January 20, 2026, with shares allocated to no fewer than six subscribers [1] - Following the completion of the placement, the company will issue 299.25 million shares under the old and new subscription agreement at the same price of HKD 3.92 per share on January 26, 2026 [1] Group 2: Use of Proceeds - The estimated net proceeds from the placement and subscription are expected to be approximately HKD 2.33 billion [1] - About 35% of the proceeds will be used for advanced technology empowerment and digital transformation to enhance operational efficiency [1] - Approximately 55% will be allocated to repay interest-bearing debts and optimize the capital structure, providing flexibility for potential acquisitions or investment opportunities [1] - Around 10% will be used to supplement working capital and for general corporate purposes [1]