Group 1 - The company, Cheli Holdings (02209), plans to issue 4.1 million subscription shares to The Founders Inc. at a price of HKD 5.55 per share, representing a discount of approximately 1.77% compared to the closing price of HKD 5.65 on the same day [1] - The net proceeds from the subscription are expected to be approximately HKD 22.755 million, which will be used for the expansion of the Asian Beauty Wholesale business, including the construction of overseas warehouses for inventory and general funding purposes [1]