[Xincheng Development: Agrees to Issue Shares to Raise Approximately HK$50 Million for the RWA Sector] Xincheng Group announced on the Hong Kong Stock Exchange that the company has agreed to issue approximately 19 million shares to Blockchain Metaverse Academy at a price of HK$2.5845 per share. The subscribed shares account for approximately 0.27% of the enlarged issued share capital. The subscription price represents a premium of approximately 4.2% over the closing price of HK$2.48. The total proceeds amount to approximately HK$50 million. The funds raised will be used for strategic deployment in the Real World Asset (RWA) application sector.