Core Viewpoint - The company, Thinker Education (01769), has announced the completion of a subscription agreement, resulting in the issuance of 110 million shares at a subscription price of HKD 2.2 per share, which represents approximately 16.30% of the enlarged issued share capital of the company [1] Group 1: Subscription Details - The subscription agreement's conditions have been met, and the subscription will be completed on October 24, 2025 [1] - A total of 110 million subscription shares will be issued to the subscriber [1] Group 2: Use of Proceeds - The net proceeds from the subscription, amounting to approximately HKD 241 million after expenses, will be allocated for several purposes [1] - Enhancing the quality of education and student learning experiences, including recruiting more course developers, optimizing and enriching course content and materials, renovating facilities, and purchasing teaching equipment [1] - Future potential artificial intelligence projects [1] - Supplementing working capital and general corporate purposes to support the company's strategy [1]

Core Viewpoint - Thinker Education (01769) experienced a significant stock price increase, rising over 15% in early trading, attributed to the announcement of a subscription agreement for new shares [1] Group 1: Subscription Agreement Details - The company announced a subscription agreement with subscribers to issue a total of 110 million subscription shares at a price of HKD 2.20 per share [1] - The subscription price represents a discount of approximately 13.04% compared to the closing price of HKD 2.53 on the date of the agreement [1] - The new shares will account for about 19.47% of the company's existing issued share capital and approximately 16.30% of the total issued share capital after the subscription [1] Group 2: Financial Implications - The total gross proceeds from the subscription are expected to be approximately HKD 242 million, with a net amount of about HKD 241.3 million [1] - The net proceeds will be used to enhance the quality of education and student learning experiences, including recruiting more course developers, optimizing course content, renovating facilities, and purchasing teaching equipment [1] Group 3: Strategic Initiatives - The company plans to allocate part of the proceeds for potential future artificial intelligence projects and to supplement working capital and general corporate purposes to support its strategy [1]