BitVentures Ltd
For the period ended Mar 19, 2025. Filed Mar 19, 2025.
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Mar 19, 2025 · Filed Mar 19, 2025
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EXPLANATORY NOTE
On March 19, 2025, Santech Holdings Limited (the “Company”) issued a press release announcing that the Company entered into a share subscription agreement with Carmel Holdings Limited on March 17, 2025, pursuant to which the Company agreed to issue to Carmel Holdings Limited 112,000,000 restricted ordinary shares of the Company (the “Subscription Shares”) at a total consideration of approximately US$1.0 million. With approval from the Board of Directors of the Company, the issuance of the Subscription Shares has been completed on March 19, 2025. A copy of the press release is attached hereto as Exhibit 99.1.
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