Jiayi Holdings (01025) announced that on April 11, 2024, the company, the seller Strategic Elite Limited and the placement agent entered into a new placement and subscription agreement. The seller agreed to appoint a placement agent and the placement agent agreed to act as the seller's agent to arrange for no less than 6 undertakers to purchase a total of 168 million shares at the purchase price according to the best effort; and the seller conditionally agreed to subscribe at the subscription price (same as the purchase price) and the company conditionally agreed to issue and distribute the distribution to the seller at the subscription price (same as the purchase price) In total 168 million new shares. All circumstances are subject to the terms set forth in the old and successive new placement and subscription agreements and the terms and conditions contained in the old and successive new placement and subscription agreements.
The shares to be sold are equivalent to: approximately 20.00% of the total number of issued shares as of the date of this announcement; and approximately 16.67% of the total number of issued shares expanded after the subscription was completed (assuming that the total number of issued shares remained unchanged from the date of this announcement to the completion of the subscription).
In view of the placement, the seller's total shareholding percentage will be reduced from about 28.01% to about 8.01%, while in view of the subscription transaction, the seller's total shareholding percentage will increase from about 8.01% to about 23.34%.