China Finance International rose more than 10% in morning trading, following its announcement of issuing new shares to introduce Paradigm Intelligence.

China Financial International (00721) surged over 30% again this morning, after closing up 38.60% yesterday. As of the time of writing, the stock price increased by 10.13% to HKD 0.087, with a trading volume of HKD 11.0059 million.

On the evening of March 11, China Financial International announced the introduction of strategic investors, issuing a total of 21.94 billion new shares to范式智能, representing a 16.67% increase in enlarged share capital; the issue price was HKD 0.04 per share, a 29.82% discount to the March 11 closing price. The net proceeds of HKD 87.27 million are mainly intended for future investments in financial assets and virtual assets.

At the same time, 2.501 billion warrants were issued to范式智能 and two related persons, Huang Shiying and Liu Yongxing, with an issue price of HKD 0.005 and an exercise price of HKD 0.058. The total cost was HKD 0.063 per warrant, representing a 10.53% premium over the March 11 closing price. The net fundraising amount was HKD 11.51 million.

(Chairman: Wang Zhiqiang HF013)

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