goliathpoker2022| Cornerstone Technology Holdings (08391.HK) plans to allot a total of 25.008 million shares at a premium of approximately 12.28% and net raising of HK$15.8 million

Glonghui May 22 丨 Cornerstone Technology Holdings (08391goliathpoker2022.HK) announced that on May 22, 2024, the company entered into subscription agreements with these subscribers (collectively referred to as Wu Jianwei, Leung Zihao and Li Minqiang), pursuant to which the subscribers have conditionally agreed to subscribe, and the company has conditionally agreed to allot and issue a total of 25.008 million new shares at a subscription price of HK$0.64 per subscription share.

The subscription price of HK$0.64 per subscription share represents a premium of approximately 12.28% to the closing price of HK$0.57 per share of the shares as quoted on the Stock Exchange on May 22, 2024 (the date of the subscription agreement)goliathpoker2022; The subscription of shares represents approximately 2.76% of the company's issued share capital as at the date of this announcement; the estimated net proceeds from the subscription (after deducting expenses) will be approximately HK$15.8 million. On this basis, the net price per subscription share will be approximately HK$0.63. The company intends to use the net proceeds from the subscription for group working capital and general corporate purposes.

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