Core Viewpoint - China New Consumption (stock code: 8275) announced a financing plan through the placement of new shares, raising approximately HKD 14.4 million, with net proceeds of about HKD 14.2 million after expenses [1] Financing Details - The company issued 143,997,475 new shares (approximately 14 million shares) at a placement price of HKD 0.10, representing a discount of about 4.8% compared to the previous trading day's closing price of HKD 0.105 [1] - The placement price reflects a discount of approximately 11.2% compared to the average closing price over the last five trading days [1] - The newly issued shares account for approximately 17.65% of the existing issued share capital and will represent about 15.0% of the enlarged share capital after completion [1] Use of Proceeds - Approximately HKD 7.2 million of the proceeds will be used for the purchase of machinery for leasing and operational purposes [1] - About HKD 7.0 million will be allocated for financial services, including but not limited to lending activities [1] Company Overview - China New Consumption primarily engages in foundation engineering contracting, including bored pile engineering and other foundation works, as well as machinery leasing [1]

Group 1 - The company, China New Consumption Group (08275), announced a placement agreement with a placement agent to issue up to 144 million shares at a price of approximately HKD 0.10 per share [1] - The maximum number of placement shares represents about 15.00% of the company's enlarged issued share capital, assuming no changes in the issued share capital from the announcement date to the completion date [1] - The placement price of HKD 0.10 is approximately 4.76% lower than the closing price of HKD 0.105 reported on November 24, 2025 [1] Group 2 - The expected total gross proceeds from the placement are approximately HKD 14.4 million, with a net amount of about HKD 14.2 million [1] - The company plans to allocate approximately HKD 7.2 million, or 50.70% of the net proceeds, for the purchase of machinery for leasing and operational purposes [1] - Approximately HKD 7 million, or 49.30% of the net proceeds, is intended for the company's financial services business, including but not limited to lending activities [1]

Group 1 - The company, China New Consumption Group (08275), announced a placement agreement with a placement agent to issue up to 144 million shares at a price of approximately HKD 0.10 per share [1] - The maximum number of shares to be placed represents about 15.00% of the company's enlarged issued share capital, assuming no changes in the issued share capital from the announcement date to the completion date [1] - The placement price of HKD 0.10 is approximately 4.76% lower than the closing price of HKD 0.105 reported on November 24, 2025 [1] Group 2 - The expected total gross proceeds from the placement are approximately HKD 14.4 million, with a net amount of about HKD 14.2 million [1] - The company plans to allocate approximately HKD 7.2 million, or 50.70% of the net proceeds, for the purchase of machinery for leasing and operational purposes [1] - Approximately HKD 7 million, or 49.30% of the net proceeds, is intended for the company's financial services business, including but not limited to lending activities [1]