According to Zhitong Finance App, Lide Education (01449) announced that on October 23, 2026, the company plans to place up to 120 million shares to be placed, which is equivalent to about 15.00% of the company's current issued share capital at the date of this announcement; and about 13.04% of the company's issued share capital after allotting and expanding the placement shares. The placement price of HK$0.660 per share was approximately 17.50% off from the closing price of HK$0.800 per share on October 23. Assuming that all placed shares are fully placed, the total proceeds and net proceeds from the placement are estimated to be approximately HK$79.2 million and HK$78.1 million respectively. The Company plans to use the net proceeds from the placement for the following purposes: approximately HK$66.31 million for the Group's continued promotion of AI upgrades and the digital and intelligent transformation of its education and teaching business; and the remaining HK$11.7 million for the Group's general working capital.

The placement project aims to expand the company's shareholder base, help resolve the high concentration of shares described in the company's announcement dated October 15, 2026, and raise additional capital to support the Group's continued promotion of artificial intelligence upgrades and the digital and intelligent transformation of its education and teaching business.

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