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SinohopeGroup

Sinohope Tech (https://t.co/MHbJFnFPwQ) Raises Over HK$270 million via Share Placement to 5 Subscribers, Funds to Be Used for Applying for and Upgrading Compliance Licenses Related to Virtual Assets.

On June 29, 2025, Sinohope Technology Holdings Ltd (https://t.co/MHbJFnFPwQ) announced that it had issued a total of 166 million subscription shares to five subscribers, equivalent to approximately 22.08% of the Company’s enlarged share capital. The subscription price was HK$1.66 per share, raising gross proceeds of approximately HK$275.6 million and net proceeds of around HK$274.6 million. The funds are intended for general working capital purposes and for applying or upgrading compliance licenses for virtual asset-related businesses in multiple jurisdictions.

Following the completion of the placement, the shareholding of major shareholder Avenir Investmet Limited (Subscriber I) in the Company will increase from 29.08% to 29.84%. Avenir Investment Limited is indirectly wholly owned by Mr. Li Lin, a non-executive director of the Company. LINEX Holdings Ltd. (Subscriber II) will hold a 10% stake, with its ultimate beneficial owner being Mr. Weng Xiaoqi. TX Capital Holdings Ltd. (Subscriber III) will hold a 1% stake, with its ultimate beneficial owner being Mr. Xing Yue. Night Wood Pte. Ltd (Subscriber IV), indirectly wholly owned by Ms. Zhang Li, an executive director of the Company, will hold a 3.43% stake. Rosen Holdings Ltd. (Subscriber V) will hold a 0.48% stake, with its ultimate beneficial owner being Mr. Xiang Jianhua.

Link of the Announcement: https://t.co/Yez92Hi4wQ

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