Yeahka Limited — Share Issue/Capital Change 2025

Jan 13, 2025

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.

Neither this announcement nor any copy thereof may be released into or distributed directly or indirectly in the United States or any other jurisdiction where such release or distribution might be unlawful.

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

This announcement does not constitute or form a part of any offer to sell or solicitation to purchase or subscribe for any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any other state securities law in the United States, and may not be offered or sold within the United States unless registered under the U.S. Securities Act or pursuant to an exemption from, or in a transaction not subject to, registration under the U.S. Securities Act. The Company has no intention to register under the U.S. Securities Act any of the securities referred to herein or to conduct a public offering of securities in the United States. This announcement and the information contained herein are not for distribution, directly or indirectly, in or into the United States.

Yeahka 移卡

YEAHKA LIMITED

移卡有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 9923)

COMPLETION OF THE PLACING OF EXISTING SHARES AND SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

Sole Overall Coordinator and Sole Placing Agent

CITIC SECURITIES

References are made to the announcement of the Company dated January 6, 2025 (the "Announcement") in relation to, among others, the Vendor Placing and the Subscription. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

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COMPLETION OF THE VENDOR PLACING AND THE SUBSCRIPTION

The Company is pleased to announce that completion of the Vendor Placing and the Subscription took place on January 9, 2025 and January 13, 2025, respectively.

All the conditions of the Vendor Placing have been fulfilled and completion of the Vendor Placing took place on January 9, 2025. A total of 19,150,000 Placing Shares have been successfully placed at the Placing Price of HK$10.10 per Placing Share to not less than six professional, institutional and/or individual investors who, together with their respective ultimate beneficial owners, are independent of and not acting in concert with the Top-up Vendor Concert Group and are third parties independent of and not connected with the Company or its connected persons. Neither the places nor their respective ultimate beneficial owners have become a substantial shareholder (as defined under the Listing Rules) of the Company upon taking up the Placing Shares.

All the conditions of the Subscription have been fulfilled and completion of the Subscription took place on January 13, 2025. A total of 19,150,000 Subscription Shares (equal to the number of the Placing Shares successfully placed under the Vendor Placing) were subscribed by the Top-up Vendor at the Subscription Price of HK$10.10 per Subscription Share. The net share price for the Subscription after deduction of the expenses incurred by the Top-up Vendor in connection with the Subscription, including legal fees and fees of other advisers, which were all borne by the Company, was approximately HK$9.88 per Subscription Share. The Subscription Shares represent approximately 4.14% of the issued share capital of the Company as enlarged by the Subscription.

The net proceeds from the Subscription are estimated to be approximately HK$189.2 million, net of all applicable costs and expenses including commissions, professional fees and out-of-pocket expenses.

By order of the Board

YEAHKA LIMITED

Liu Yingqi

Chairman

Hong Kong, January 13, 2025

As of the date of this announcement, the executive Directors are Mr. Liu Yingqi, Mr. Yao Zhijian, Mr. Luo Xiaohui and Ms. Liang Shengtian and the independent non-executive Directors are Mr. Tam Bing Chung Benson, Mr. Yao Wei and Mr. Ouyang Rihui.