China Baoli Technologies Holdings Limited announced that it has entered into a subscription agreement of 120,980,170 shares at a price of HKD 0.0576 per share for gross proceeds of HKD 6,968,458 on November 1, 2022. The company will apply to the listing committee of the Stock Exchange for the listing of, and permission to deal in the subscription shares. The consideration of the first subscription is HKD 1,440,000 for an aggregate of 25,000,000 subscription shares at a price of HKD 0.0576 per subscription share.

The first subscription included participation from individual investor Wu Zhi Wen Michael. The consideration of the second subscription is HKD 1,958,400 for an aggregate of 34,000,000 subscription shares at a price of HKD 0.0576 per subscription share. The second subscription included participation from Chan Kwai Hung.

The consideration of the third subscription is HKD 979,200 for an aggregate of 17,000,000 subscription shares at a price of HKD 0.0576 per subscription share. The third subscription included participation from Senfield Limited. The consideration of the fourth subscription is HKD 460,800 for an aggregate of 8,000,000 subscription shares at a price of HKD 0.0576 per subscription share.

The fourth tranche included participation from Silver Moon Consultancy Corporation. The consideration of the fifth subscription is HKD 2,130,057.79 for an aggregate of 36,980,170 subscription shares at a price of HKD 0.0576 per subscription share. The fifth subscription included participation from Amber Strong International Limited.