China Qidian Guofeng Holdings Limited announced that it has entered into two Subscription Agreements with two Subscribers respectively, pursuant to which the company has agreed to issue an aggregate of 158,627,138 Shares at the Subscription Price of HKD 0.512 per Share for the aggregate gross proceeds of HKD 81,217,094.66 on June 28, 2024. The net proceeds after deduction of the related expenses will be approximately HKD 80,917,094.66, representing a net Subscription Price of approximately HKD 0.51 per Subscription Share.