Core Viewpoint - Elite Group (01775) plans to issue a total of 25.38 million subscription shares at a price of HKD 0.50 per share, representing approximately 4.76% of the enlarged issued share capital after the issuance, with a premium of about 20.48% over the closing price of HKD 0.415 on August 18 [1] Fund Utilization - The estimated net proceeds from the subscription amount to approximately HKD 12.57 million [1] - 30% of the proceeds will be used to enhance the infrastructure and technology of teaching centers, including the introduction of advanced solutions such as artificial intelligence tools and systems to upgrade learning platforms, assessment tools, and management systems [1] - 30% will be allocated to recruit high-level teaching professionals and experts to develop training and development programs, focusing on innovative teaching methods to strengthen and expand the teaching team [1] - 10% will be used for advertising and promotional activities to enhance brand development and awareness [1] - 30% will serve as working capital to support daily operations [1]

Core Viewpoint - Elite Group (01775) plans to issue a total of 25.38 million subscription shares to subscriber Tung Po-yu, representing approximately 4.76% of the enlarged issued share capital after the issuance [1] Group 1: Subscription Details - The subscription price is set at HKD 0.50 per share, which is a premium of about 20.48% compared to the closing price of HKD 0.415 on August 18 [1] - The estimated net proceeds from the issuance of subscription shares are approximately HKD 12.57 million [1] Group 2: Use of Proceeds - 30% of the net proceeds will be used to enhance the infrastructure and technology of teaching centers, including the introduction of advanced solutions such as artificial intelligence tools and systems to upgrade learning platforms, assessment tools, and management systems [1] - 30% will be allocated for recruiting high-level teaching professionals and experts to develop training and development programs, focusing on innovative teaching methods [1] - 10% will be used for advertising and promotional activities to enhance brand development and awareness [1] - 30% will serve as working capital to support daily operations [1]