Wuxi,xa0China,xa0Jan.xa028,xa020xad –xa0Parkxa0Haxa0Biologicalxa0Technologyxa0Co.,xa0Ltd.xa0(NASDAQ:xa0BYAH)xa0(thexa0“Company”)xa0todayxa0announcedxa0thexa0closingxa0ofxa0axa0best-effortsxa0follow-onxa0publicxa0offeringxa0ofxa021,875,000xa0unitsxa0(eachxa0axa0“Unit”)xa0atxa0anxa0offeringxa0pricexa0ofxa0US$0.112xa0perxa0Unit.
Eachxa0Unitxa0consistsxa0ofxa0onexa0Classxa0Axa0ordinaryxa0sharexa0ofxa0thexa0Company,xa0parxa0valuexa0US$0.00002xa0perxa0sharexa0(each,xa0axa0“Classxa0Axa0Ordinaryxa0Share”)xa0andxa0onexa0warrantxa0toxa0purchasexa0onexa0Classxa0Axa0Ordinaryxa0Share,xa0orxa0upxa0toxa0ninexa0Classxa0Axa0Ordinaryxa0Sharesxa0pursuantxa0toxa0thexa0alternativexa0cashlessxa0exercisexa0mechanismxa0describedxa0thereinxa0(each,xa0axa0“Warrant”).xa0Eachxa0Warrantxa0hasxa0anxa0exercisexa0pricexa0ofxa0US$0.112xa0perxa0Classxa0Axa0Ordinaryxa0Sharexa0andxa0isxa0exercisablexa0beginningxa0onxa0thexa0issuancexa0datexa0andxa0endingxa0onxa0thexa0one-yearxa0anniversaryxa0ofxa0thexa0issuancexa0date.
Grossxa0proceedsxa0toxa0thexa0Company,xa0beforexa0deductingxa0placementxa0agent’sxa0commissionsxa0andxa0otherxa0offeringxa0expenses,xa0werexa0approximatelyxa0US$2.45xa0million.xa0Thexa0Companyxa0intendsxa0toxa0usexa0thexa0netxa0proceedsxa0ofxa0thexa0Offeringxa0forxa0thexa0expansionxa0ofxa0directlyxa0operatedxa0storesxa0inxa0China,xa0andxa0thexa0specificxa0allocationxa0ofxa0netxa0proceedsxa0toxa0eachxa0marketxa0willxa0bexa0basedxa0onxa0marketxa0conditions.
D.xa0Boralxa0Capitalxa0LLCxa0actedxa0asxa0thexa0Solexa0Placementxa0Agentxa0forxa0thexa0Offering.
Axa0registrationxa0statementxa0onxa0Formxa0F-1,xa0asxa0amendedxa0(Filexa0No.xa0333-xa0290410),xa0relatingxa0toxa0thexa0Offeringxa0wasxa0filedxa0withxa0thexa0U.S.xa0Securitiesxa0andxa0Exchangexa0Commissionxa0(thexa0“SEC”)xa0andxa0wasxa0declaredxa0effectivexa0byxa0thexa0SECxa0onxa0Januaryxa026,xa02026.xa0Thexa0Offeringxa0wasxa0madexa0onlyxa0byxa0meansxa0ofxa0axa0prospectus,xa0formingxa0partxa0ofxa0thexa0effectivexa0registrationxa0statement.xa0Axa0copyxa0ofxa0thexa0finalxa0prospectusxa0relatingxa0toxa0thexa0Offeringxa0hasxa0beenxa0filedxa0withxa0thexa0SECxa0andxa0isxa0availablexa0onxa0thexa0SEC’sxa0websitexaatxa0.xa0Copiesxa0ofxa0thexa0prospectusxa0mayxa0bexa0obtainedxa0fromxa0D.xa0Boralxa0Capitalxa0LLCxaatxa0,xa0orxa0byxa0callingxa0+1xa0(212)xa0970-5150.
Aboutxa0Parkxa0Haxa0Biologicalxa0Technologyxa0Co.,xa0Ltd.
Establishedxa0inxa02016,xa0Parkxa0Haxa0Biologicalxa0Technologyxa0Co.,xa0Ltd.xa0isxa0primarilyxa0engagedxa0inxa0developingxa0itsxa0privatexa0skincarexa0label,xa0directxa0skincarexa0productsxa0salesxa0andxa0franchisexa0alliancesxa0promotionsxa0underxa0thexa0proprietaryxa0brandxa0“Parkxa0Ha”,xa0withxa0axa0commitmentxa0toxa0providingxa0cost-effectivexa0solutionsxa0toxa0skinxa0problemsxa0andxa0improvingxa0thexa0confidencexa0ofxa0womenxa0inxa0needxa0ofxa0skinxa0treatment.xa0Asxa0ofxa0Aprilxa030,xa02025,xa0thexa0Companyxa0hasxa0threexa0directlyxa0operatedxa0storesxa0andxa039xa0franchisees,xa0ofxa0whichxa038xa0andxa0onexa0operatexa0underxa0thexa0storexa0namexa0“Parkxa0Ha”xa0andxa0“Geni”xa0respectively,xa0inxa0China.xa0Asxa0partxaofxa0itsxa0value-addedxa0servicexa0forxa0thexa0products,xa0thexa0Companyxa0offersxa0“lightxa0beautyxa0experience”,xa0axa0quickxa0complimentaryxa0after-salesxa0beautyxa0servicexa0performedxa0inxa0thexa0directly-operatedxa0storesxa0andxa0franchisexa0stores.xa0Forxa0morexa0information,xa0pleasexa0visitxa0thexa0Company’sxa0website:xa0.
Forward-Lookingxa0Statements
Certainxa0statementsxa0inxa0thisxa0announcementxa0arexa0forward-lookingxa0statements.xa0Thesexa0forward-lookingxa0statementsxa0involvexa0knownxa0andxa0unknownxa0risksxa0andxa0uncertaintiesxa0andxa0arexa0basedxa0onxa0thexa0Company’sxa0currentxa0expectationsxa0andxa0projectionsxa0aboutxa0futurexa0eventsxa0thatxa0thexa0Companyxa0believesxa0mayxa0affectxa0itsxa0financialxa0condition,xa0resultsxa0ofxa0operations,xa0businessxa0strategyxa0andxa0financialxa0needs.xa0Investorsxa0canxa0findxa0manyxa0(butxa0notxa0all)xa0ofxa0thesexa0statementsxa0byxa0thexa0usexaofxa0wordsxa0suchxaasxa0“approximates,”xa0“believes,”xa0“hopes,”xa0“expects,”xa0“anticipates,”xa0“estimates,”xa0“projects,”xa0“intends,”xa0“plans,”xa0“will,”xa0“would,”xa0“should,”xa0“could,”xa0“may”xa0orxa0otherxa0similarxaexpressionsxa0inxa0thisxaannouncement.xa0Thexa0Companyxaundertakesxa0noxaobligationxaotxaupdatexaorxa revisexa publiclyxaanyxaforward-lookingxa statementsxaotxa reflectxa subsequentxa occurringxa eventsxaorxa circumstances,xaorxa changesxainxaitsxaexpectations,xaexceptxaasxa mayxa bexa requiredxabyxa law.xaAlthoughxa thexa Companyxa believesxa thatxa thexa expectationsxa expressedxa inxa thesexa forward-lookingxa statementsxaarexa reasonable,xaitxa cannotxa assurexa youxa thatxa suchxa expectationsxa willxa turnxa outxa toxa bexa correct,xaandxa thexa Companyxa cautionsxa investorsxa thatxa actualxa resultsxa mayxa differxa materiallyxa fromxa thexa anticipatedxa resultsxa andxa encouragesxa investorsxa toxa reviewxa otherxa factorsxa thatxa mayxa affectxa itsxa futurexa resultsxa inxa thexa Company’sxa registrationxa statementxaandxa otherxa filingsxa withxa thexa SEC.
Forxa0morexa0information,xaopleasexaotxa contact:
D.xa0Boralxa0Capitalxa0LLC
590xa0Madisonxa0Avenue,xa039thxa0Floor
Newxa0York,xa0NYxa010022
Mainxa0Phone:xa0+1xa0(212)xa0970-5150
Parkxa0Haxa0Biologicalxa0Technologyxa0Co.,xa0Ltd.
901,xa0Buildingxa0C
Phasexa02,xa0Wuxixa0Internationalxa0Lifexa0Sciencexa0Innovationxa0Campus
196xa0Jinghuixa0Eastxa0Road
Xinwuxa0District,xa0Wuxi,xa0Jiangsuxa0Province
People’sxa0Republicxa0ofxa0Chinaxa0214000
