Zhitong Finance App News, Everest Gold (01815) announced that on September 21, 2026, the company plans to allocate and issue a total of 277 million subscribed shares to six subscribers (Best Conduct Investments Limited, Mr. PAN Jinshou, Mr. Yu Yan, Mr. Chen Wanlong, Mr. Yao Xiaoping, Richwise International Group Limited), accounting for the company's current issued share capital 19.59% and about 16.38% of the company's issued share capital after being expanded through allotment and issuance of subscribed shares. The subscription price was HK$1.60 per subscription share, a discount of approximately 17.95% from the closing price of HK$1.95 per share on September 21. The total proceeds from the subscription process and the estimated net proceeds will be approximately HK$443.2 million and HK$442.7 million respectively. The company plans to use about 90% of the net proceeds as working capital for the gold bar business, mainly to purchase physical standard gold and related processing, packaging, logistics, insurance and storage costs, and to use about 10% as the group's general working capital.

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