Gelonghui May 12 丨 Lianhua Supermarket (00980wwwvideopoker.HK) announcedwwwvideopokerOn May 12, 2024, the company entered into a share subscription agreement with Bailian Group, and the company plans to issue no more than 3 shares to Bailian Group.wwwvideopoker.600 million new domestic shares, at RMB 1.00 per new domestic share, which is higher than the H shares reported on the Stock Exchange on the last trading day.wwwvideopokerThe closing price per share of approximately HK$0.315 per share is at a premium of approximately 249.37%. 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.