Sinopharm Tech Holdings Limited (SEHK:8156) announced that it has entered into a warrant subscription agreement with new investor Yim Hin Keung to issue 200,000,000 warrant at a price of HKD 0.04 per warrant for gross proceeds of HKD 8,000,000 on January 3, 2020. The warrants are pre-paid. The warrants are exercisable to acquire warrant shares at a price of HKD 0.35 per share. The exercise period is of 12 months from the date of issuance of the warrants. The transaction is subject to approval of the shareholders at the EGM. The company will incur issue expenses of HKD 200,000 and will receive net proceeds of HKD 7,800,000.