Du Jun and Zhong Gengfa will subscribe for New Fire Technology shares with a cash amount of HKD 326 million, accounting for 40.5% of the shares

ChainCatcher news, New Fire Technology announced that it has signed a new share subscription agreement with Du Jun and On Chain (controlled by Zhong Gengfa, the founder of ChainUP). Du Jun's total subscription price is HKD 155 million, accounting for 24.18% of the issued shares, and after the subscription is completed, the proportion will be 19.47%. On Chain's total subscription price is HKD 171 million, accounting for 26.64% of the issued shares, and after the subscription is completed, the proportion will be 21.03%. The total amounts to HKD 326 million, which will be paid in cash upon the fulfillment of the conditions precedent.