Decent Holding Inc. , a China-based provider of wastewater treatment and senior elderly care services, has priced a follow-on offering expected to raise gross proceeds of approximately $1.23 million before placement agent fees and other offering expenses.

Offering structure and terms

The company entered into a securities purchase agreement with an institutional investor covering two components. The first is a registered direct offering of 822,828 Class A ordinary shares at a purchase price of $1.50 per share, with par value of $0.0025 per share, or pre-funded warrants in lieu thereof. The second is a concurrent private placement of unregistered warrants to purchase up to 822,828 Class A ordinary shares, with an exercise price of $1.50 per share.

The key terms of the offering are summarised below:

Regulatory and legal framework

The registered direct offering is being conducted pursuant to the company's shelf registration statement on Form F-3 (File No. 333-295313), filed with the U.S. Securities and Exchange Commission on April 24, 2026, and declared effective on May 7, 2026. A prospectus supplement and accompanying prospectus will be filed with the SEC.

The unregistered warrants and the underlying Class A ordinary shares were issued under Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D promulgated thereunder. These securities have not been registered under the Securities Act or applicable state securities laws, and may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from registration requirements.

Use of proceeds

Decent Holding plans to use the net proceeds from the offering for working capital and general corporate purposes. The offering is subject to the satisfaction of customary closing conditions, with the expected closing on or about October 5, 2026.

About the company

Decent Holding operates through two business verticals:

• Wastewater treatment and ecology: Through its subsidiary Shandong Dingxin Ecology Environmental Co., Ltd., the company provides industrial wastewater cleansing, ecological river restoration, river ecosystem management, and microbial products for pollutant removal and water quality enhancement.
• Senior health and elderly care: Through its subsidiary Suncare (Shanghai) Health Technology Co., Ltd., the company operates an AI-powered, community-based senior health and elderly care platform serving China's aging population.

Decent Holding Inc. (NASDAQ: DXST) announced that its subsidiary, SunCare, has expanded its senior care operation-center network to approximately 700 locations. As of September 30, 2026, the platform serves an estimated 240,000 paid members, up from the previously cited base of 200,000.

This growth supports the rollout of SunCare’s AI-powered in-home senior care service, which launched at RMB 500 per month per member. The expansion leverages a strategic collaboration with Ruilan International and targets a larger addressable base for its tiered subscription framework designed to extend community-based care into private homes.

Strategic partnership and technology deployment

Under the collaboration, Ruilan International supplies intelligent senior-care equipment and technology infrastructure. This includes medical and nursing support robots, in-home service robots, rehabilitation equipment, and intelligent health monitoring systems. These devices are deployed through SunCare’s existing community network and participating households.

The system monitors health metrics such as blood pressure, blood oxygen levels, and sleep patterns. It provides AI-assisted health management, abnormal-condition alerts, and coordination with offline senior-care services.

Three-tier subscription structure

SunCare has introduced a tiered pricing model to cater to varying levels of care needs. The initial launch focuses on the Essential Health Management tier, with higher tiers planned for future introduction as capabilities expand.

What the numbers show

The increase in the paid member base from 200,000 to 240,000 across 700 centers indicates a density of approximately 343 members per location. This expansion enhances the potential revenue base for the RMB 500 entry-level subscription. The company notes that the member count represents the total paid base, not subscribers to the new AI service, meaning immediate revenue impact depends on conversion rates from this enlarged pool. The significant price gap between the entry tier (RMB 500) and the top tier (RMB 2,990) suggests a funnel approach, where basic digital monitoring serves as a gateway to higher-margin, labor-intensive assisted care services.

Executive commentary

Haicheng Xu, Chief Executive Officer of Decent Holding Inc., stated that senior care is moving beyond traditional facilities into the home. He described the launch as an important first step in creating a scalable platform that connects with seniors through intelligent devices and AI-enabled health management.

Decent Holding Inc. primarily specializes in wastewater treatment and ecological river restoration. Through its subsidiaries, it continues to develop community-based senior health services and technology-enabled solutions in China.