Core Viewpoint - Yimei International Holdings announced a fundraising through the placement of new shares, raising approximately HKD 11.9 million, with net proceeds of about HKD 11.6 million after expenses [1] Group 1: Fundraising Details - The company plans to issue 50,000,000 new shares at a price of HKD 0.24 per share, representing a discount of approximately 15.0% compared to the closing price of HKD 0.28 on August 28, 2025 [1] - The placement price is at a premium of about 1.4% compared to the average closing price of HKD 0.2346 over the last five trading days [1] - The new shares will account for approximately 5.34% of the existing issued share capital and about 5.06% of the enlarged share capital post-placement [1] Group 2: Use of Proceeds - Approximately HKD 5.8 million of the proceeds will be allocated to the development of power trading business and other potential green power energy projects in China [1] - Another HKD 5.8 million will be used to maintain the general working capital of the group [1] Group 3: Company Overview - Yimei International Holdings is an investment holding company with subsidiaries engaged in AI-powered electricity trading services, renewable energy solutions, green energy generation, and storage systems [1] - The issuance is conducted under a general mandate granted by the shareholders and is expected to be completed within four business days after all conditions in the placement agreement are met [1]