Yeahka (9923.HK) Raises HK$787.7 million in Placing of Present Shares and Subscription of New Shares

Yeahka (9923.HK) Raises HK$787.7 million in Inserting of Existing Shares and Membership of New Shares

HONG KONG, Dec. 3, 2020 /PRNewswire/ — YEAHKA Restricted (“Yeahka” or the “Corporation”, stock code: 9923.HK), a top payment-dependent technology platform in China, announced that the Enterprise has entered into a top rated-up putting transaction. A overall of 20,795,052 shares will be positioned at HK$37.88 for each share. The gross proceeds from the placement and subscription are roughly HK$787.7 million. Morgan Stanley and Credit history Suisse are the joint international coordinators for this placement.

The shares will be positioned at HK$37.88 per share to investors who are unbiased third functions, representing a discounted of approximately 8.83{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} to the closing rate of HK$41.55 per share on December 3, 2020. The amount of shares under the placement and membership will characterize roughly 4.65{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} of the issued share capital of the Organization upon completion of the transaction.  The Business intends to use the web proceeds for establishing and improving the Firm’s advertising and marketing solutions, investing in new initiatives, recruiting skills to assist the Company’s know-how-enabled enterprise companies, and for strategic alliances with, investments in or acquisitions of business enterprise provider vendors.

With the Covid-19 pandemic in 2020, prospects more and more rely on diversified advertising approaches to restore gross sales, additional expand organization, as effectively as set up and increase stickiness of focus on shoppers. The Firm’s precision marketing enterprise has expanded fast considering that 2020. Profits created from advertising and marketing expert services elevated by 1,182.5{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} year-on-calendar year for the six months ended June 30, 2020. In the meantime, from July 1, 2020 to Oct 31, 2020, total impressions on the Company’s promoting platform for precision promotion just about doubled in comparison with that of the very first half of 2020. In addition, the Business productively acquired Chuangxinzhong, a top articles overall performance marketing company service provider in China. This acquisition delivers substantial synergies to Yeahka and collectively, the two events will grow the Company’s advertising and marketing products and services.

Yeahka intends to use 25{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} of the web proceeds from the placement for the steady advancement and enhancement of its advertising and marketing solutions. In addition, the Organization intends to use a even further 25{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} of internet proceeds for investments in new initiatives that are hugely complementary to the latest company, like value-included services these as remedies for setting up on the net suppliers, membership administration or social media promoting to retailers. In addition, the Organization intends to use 15{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} for recruitments similar to the Company’s technologies-enabled enterprise expert services to improve major knowledge analytics and artificial intelligence technologies of the Firm’s knowledge administration system, and build diversified merchant SaaS solutions and advertising methods, and to entice abilities for the assist of acquisitions this kind of as Chuangxinzhong. A even further 15{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} will be made use of for strategic alliances with, investments in or acquisitions of hugely complementary small business support companies, which includes marketing platforms and SaaS developers. The remaining 20{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} will be utilised for common functioning capital and company uses.

Mr. Luke Liu, Chairman of the Board, Chief Govt Officer and Govt Director of Yeahka, claimed, “Regardless of the worries brought by the Covid-19 pandemic, the Company has designed fast in the very first 50 {ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} of 2020. In addition, as of October 31, 2020, the quantity of energetic customers employing Yeahka’s payment products and services regained pre-Covid-19 stages and we attained practically 600 million shoppers through our payment products and services. Income and purchaser base of our significant SaaS solutions ongoing to improve. This Placement will support nutritional supplement prolonged-phrase funding for our expansion plan and techniques, broaden our shareholder base and raise our economical strength. Hunting forward, we will carry on to choose advantage of the put up-pandemic possibilities brought by the digital transformation of small and micro sized retailers, speed up the tempo of products and provider innovation, and improve our strategic investments. Leveraging its payment system, Yeahka will link thousands and thousands of merchants and hundreds of hundreds of thousands of people to produce a detailed technological innovation ecosystem powered by facts that interacts with the merchants and consumers. Yeahka will in flip proceed to develop benefit for them.”

About YEAHKA Constrained (9923.HK)

YEAHKA Minimal (“Yeahka” or the “Organization”) is a main payment-centered engineering platform in China furnishing payment and technological innovation-enabled organization companies to retailers and individuals. In accordance to Oliver Wyman, we are the next most significant non-financial institution impartial QR code payment service service provider in China, with close to 14.{ceedb287d77e8cde5bf2878339831566d6a2b6f7559fed38ec8bb489262cb257} industry share in phrases of transaction depend in 2019. The Company’s price proposition is a cohesive ecosystem that allows seamless, easy and dependable payment transactions amongst retailers and consumers, and leveraging its huge customer foundation and info property accrued from payment expert services, to further more offer a wealthy assortment of technological innovation-enabled organization products and services, together with (i) service provider SaaS products, which support clients make improvements to their operational efficiency, (ii) internet marketing providers, allowing for consumers to efficiently achieve their goal marketplaces, and (iii) fintech companies, which cater to customers’ economic requirements.

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