Dynasty Fine Wines Group Limited announced that it has entered into a subscription agreement of 160,205,886 at a price of HKD 0.2475 for the gross proceeds of HKD 39.650957 on June 21, 2023. The total net proceeds of the transaction after deduction of the placing agent fee and other related expenses of the subscriptions, will be approximately HKD 37.9 million. The subscriptions may or may not proceed as completion is conditional upon the fulfillment of the conditions precedent.