Parenting Network has entered into subscription agreements with several investors, the company announced. The agreements involve the conditional allotment and issuance of a total of 3,300,800 new subscription shares at a price of HKD 0.325 per share.

The 3.3 million subscription shares represent approximately 6.90% of the company's total issued share capital as of the announcement date. Following the issuance, they would account for about 6.45% of the enlarged share capital, assuming no other changes to the issued share capital occur between the announcement date and the completion date.

The subscription price of HKD 0.325 per share represents a discount of approximately 19.75% compared to the closing price of HKD 0.405 per share on the Hong Kong Stock Exchange on June 17, 2026.

The gross proceeds from the subscription are expected to be approximately HKD 1.1 million. The net proceeds are also estimated at around HKD 1.1 million and are intended to be used for repaying a portion of the group's outstanding professional fees and expenses.