Seazen Group issues new shares to fund RWA expansion

Seazen Group Limited entered into a subscription agreement on August 31, 2025, to allot and issue 19,346,101 new subscription shares at a price of HK$2.5845 per share. This transaction aims to raise approximately HK$50.0m in gross proceeds and HK$49.4m in net proceeds. The subscription shares represent approximately 0.27% of the company's existing and enlarged issued share capital.

The subscription price represents a premium of approximately 4.2% over the closing price on August 29, 2025, and a premium of approximately 3.1% over the average closing price for the five consecutive trading days prior to August 29, 2025. The subscriber, Blockchain Metaverse Academy Pty Ltd, an Australian company engaged in investment management, is an independent third party.

The net proceeds will be entirely allocated to Seazen Group's strategic deployment in real-world asset (RWA) applications. This move is expected to introduce a strategic partner with expertise in digital assets and RWA, mitigating risks and costs associated with independent RWA exploration, and strengthening the group's liquidity and financial position. Completion of the subscription is subject to listing approval and payment by September 30, 2025.