Vision Deal HK Acquisition Corp. announced that it has entered into a securities purchase agreement to issue 57,620,000 shares at a price of HKD 10 per share for the gross proceeds of HKD 576,200,000 on December 8, 2023. The transaction will include participation from new investors, Guangdong Finance Investment International, China Arbitrage Fund, a fund managed by, BlueFocus International Limited, Taizhou TS First Fortune, 37 Starseek, SensePower Management, Limited, Modern Leaves, Galaxy Links Ltd, Admeliora Limited, Chinese Culture Investment and other individual investors.

The transaction size may be increased to HKD 610,000,000 depending on the adjustment to be made when the final negotiated value of the company being determined before the closing.