Hatcher Group Limited — Capital/Financing Update 2023

Jan 20, 2023

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

HATCHER GROUP LIMITED

亦⾠集團有限公司[*]

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8365)

SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO PLACING OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcement of the Company dated 13 January 2023 in relation to the Placing (the “ Announcement ”). Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.

As disclosed in the Announcement, the Group strives to explore the possibility of setting up an investment fund to create a viable platform to invest, operate and manage certain investments to be acquired by the fund, including but not limited to shares, debentures, convertible loan stock, options, warrants or other securities in or in respect of the capital of any body corporate or other entity, undertaking, which is related to electric vehicle, new and renewable energy, or other environmental, social and governance investments in the People’s Republic of China including Hong Kong.

The Directors intend to apply the net proceeds from the Placing for the set up of and the investment to be acquired by the investment fund, and for general working capital of the Group.

The Company would like to supplement further information in relation to the use of proceeds as follows:-

USE OF PROCEEDS FROM THE PLACING

As disclosed in the Announcement, assuming all the Placing Shares are fully placed, the gross proceeds from the Placing will be approximately HK$39.3 million and the net proceeds will be approximately HK$37.4 million (after deduction of commission and other expenses of the Placing). The Directors intend to apply the net proceeds in the following manner:-

Intended use of the net proceeds Capital commitment and reserve for the investment fund for suitable cooperation, acquisition, or investment opportunities General working capital Total	Approximate allocation (in HKD million) 22.0 15.4
	37.4

In view that the Company is estimated to maintain an increased administrative expense and other operating expenses for the year ending 30 September 2023, in particular the maintaining of increased

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number of staff following the acquisition of APEC GROUP INTERNATIONAL LIMITED, the Directors intend to allocate the net proceeds within the scope of general working capital as below:-

Intended use of the net proceeds within the scope of general working capital Staff costs Other general administrative expenses Total	Approximate allocation (in HKD million) 14.0 1.4
	15.4

The Directors confirm that the supplementary information provided in this announcement does not affect any other information contained in the Announcement and, save as disclosed above, the content of the Announcement remains unchanged.

By Order of the Board Hatcher Group Limited Hui Ringo Wing Kun Executive Director

Hong Kong, 20 January 2023

As at the date of this announcement, the Directors are:

Executive Directors:

Mr. Li Man Keung Edwin (Executive Chairman)

Mr. Hui Ringo Wing Kun

Mr. Yeung Chun Yue David (Vice Chairman)

Independent Non-executive Directors:

Mr. William Robert Majcher Mr. Ho Lik Kwan Luke Mr. Lau Pak Kin Patric

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Listed Company Information” page of the Stock Exchange’s website at www.hkexnews.hk for at least 7 days from the date of its publication and will be published on the Company’s website at www.hatcher-group.com.

• for identification purpose only

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