Core Viewpoint - The company, Youbao Online, announced a placement agreement on September 21, 2025, to issue up to 157.5 million shares at a price of HKD 2.45 per share, representing a discount of approximately 16.95% from the closing price on the same day [1] Group 1 - The estimated net proceeds from the placement are approximately HKD 383.18 million [1] - Approximately 20% of the proceeds will be used for the development of proprietary intellectual property-based products [1] - Approximately 20% will support the expansion of offline sales channels for proprietary intellectual property-based products [1] - Approximately 30% will be allocated for the purchase of fixed assets, including vending machines for the anticipated sales of proprietary intellectual property-based products [1] - Approximately 30% will be used for working capital and other general corporate purposes [1]

Core Viewpoint - The company, Youbao Online (02429.HK), has entered into a placement agreement to issue up to 157.5 million shares at a price of HKD 2.45 per share, representing a discount of approximately 16.95% from the closing price of HKD 2.95 on September 19, 2025 [1] Group 1 - The placement shares represent about 19.96% of the issued H shares and approximately 18.94% of the total issued shares as of the announcement date [1] - If all placement shares are fully subscribed, the total proceeds from the placement are expected to be approximately HKD 386 million, with a net amount of about HKD 383 million [2] - The net placement price is estimated to be around HKD 2.43 per share [2] Group 2 - Approximately 20% of the net proceeds will be used for developing proprietary intellectual property-based products [2] - Another 20% of the net proceeds will support the offline sales channel expansion for these products [2] - About 30% of the net proceeds will be allocated for acquiring fixed assets, including vending machines for anticipated sales of proprietary products [2] - The remaining 30% will be used for working capital and other general corporate purposes [2] Group 3 - The board believes that the placement will enhance the group's liquidity and financial position, expand the shareholder base, optimize the capital structure, and support the company's healthy and sustainable development [2]

Core Viewpoint - The company, Youbao Online (02429), has entered into a placement agreement to issue up to 157.5 million shares at a price of HKD 2.45 per share, representing a discount of approximately 16.95% from the closing price of HKD 2.95 on September 19, 2025 [1] Group 1 - The placement shares represent approximately 19.96% of the issued H shares and about 18.94% of the total issued shares as of the announcement date [1] - If all placement shares are fully subscribed, the total proceeds from the placement are expected to be approximately HKD 386 million, with a net amount of about HKD 383 million [2] - The net placement price is estimated to be around HKD 2.43 per share [2] Group 2 - Approximately 20.0% of the net proceeds will be used for the development of proprietary intellectual property-based products [2] - Another 20.0% will support the expansion of offline sales channels for these proprietary products [2] - About 30.0% of the net proceeds will be allocated for the acquisition of fixed assets, including vending machines for anticipated sales of proprietary products [2] - The remaining 30.0% will be used for working capital and other general corporate purposes [2] Group 3 - The board believes that the placement will enhance the group's liquidity and financial position, expand the shareholder base, optimize the capital structure, and support the company's healthy and sustainable development [2]

Group 1 - The company, Youbao Online (02429), has entered into a placement agreement with a placement agent to issue up to 157.5 million shares at a price of HKD 2.45 per share, which represents a discount of approximately 16.95% compared to the closing price of HKD 2.95 on September 19, 2025 [1] - The placement shares represent about 19.96% of the issued H shares and approximately 18.94% of the total issued shares as of the announcement date, and about 16.64% and 15.93% of the total issued H shares and shares, respectively, after the placement [1] Group 2 - If all placement shares are fully subscribed, the total proceeds from the placement are expected to be approximately HKD 386 million, with a net amount of about HKD 383 million [2] - The net proceeds will be allocated as follows: approximately 20% for developing proprietary intellectual property-based products, 20% for supporting offline sales channel expansion, 30% for acquiring fixed assets including vending machines, and 30% for working capital and other general corporate purposes [2] - The board believes that the placement will enhance the company's liquidity and financial position, expand the shareholder base, optimize the capital structure, and support the company's healthy and sustainable development [2]