Gelonghui May 12 丨 Lianhua Supermarket (00980thepokerstore.HK) announcedthepokerstoreOn May 12, 2024, the company entered into a share subscription agreement with Bailian Group. The company plans to issue no more than 360 million new domestic shares to Bailian Group, at RMB 1.00 per new domestic share, which is approximately 249.37% higher than the closing price per share of approximately HK$0.315 per share of H shares quoted on the Stock Exchange on the last trading day. It is expected to raise approximately 360 million yuan, with a net raise of approximately 358 million yuan, which is intended to be used for business ecological transformation; and increase the company's general working capital.