Summary by Moomoo AI
YAO XING TECHNOLOGY GROUP CO., LTD. (THE “COMPANY”) ANNOUNCES THAT THE SUBSCRIPTION TO ISSUE NEW SHARES UNDER GENERAL MANDATES HAS BEEN COMPLETED ON APRIL 30, 2024. THE NEW SHARE ISSUE TOTALS 101,488,000 SHARES AT A SUBSCRIPTION PRICE OF HK$0.165 PER SHARE. Subscribers A to D were issued with 32,528,000 shares, 32,528,000 shares, 16,264,000 shares and 20,168,000 shares, respectively. Upon completion, ST Ma's shareholding decreased from 30.82% to 27.40%, and the shareholding of public shareholders increased from 54.17% to 59.26%. The members of the Board consist of three Executive Directors and five Independent Non-Executive Directors, with Mr. Cui Haibin serving as Chairman and Executive Director. This announcement has been made publicly available on the Exchange's website and on the Company's website.