Gelonghui April 26 丨 Jinyong Investment (01328crashbandicootteamracing.HK) AnnouncementcrashbandicootteamracingOn April 26, 2024, the Company entered into separate subscription agreements with each subscriber, pursuant to which the subscribers conditionally agreed to subscribe and the Company conditionally agreed to allot and issue a total of 1crashbandicootteamracing, 336,302,894 subscription shares at a subscription price of HK$0.02245 per share.

Subscription shares accounted for the expansion of the company's subscription shares through the allotment and issuance of subscription sharescrashbandicootteamracingThe issued share capital of the company is approximately 10.41%(assuming that, apart from the allotment and issue of subscription shares, there will be no change in the issued share capital of the company from the announcement date to the completion date). The subscription shares will be allotted and issued under general mandate. The subscription price of HK$0.02245 per share represents a discount of approximately 19.82% to the closing price of HK$0.028 per share quoted on the Stock Exchange on April 26, 2024 (the date of the subscription agreement); after deducting related costs, expenses and expenses, the net proceeds from the subscription are estimated to be approximately HK$29.6 million.