Maiyue Technology Limited has amended the terms of its ongoing share placement, announcing two key changes through a supplemental agreement signed on 13 August 2026 after trading hours.
Extension of Long-Stop Date • The deadline for satisfying all conditions precedent for the placement has been moved from 13 August 2026 to 2 September 2026. • The adjustment allows the placing agent additional time to secure investors for up to 100.00 million new shares to be issued under the company’s general mandate.
Adjustment of Placing Price • The placing price has been raised from HK$0.97 to HK$1.06 per share. • The revised price represents a 19.70% discount to the 13 August 2026 closing price of HK$1.320 and an 18.02% discount to the five-day average closing price of HK$1.293. • Directors regard the new price and updated terms as fair and reasonable in light of current market conditions.
Revised Fund-Raising Scale and Deployment • Assuming full placement, gross proceeds are expected to reach HK$106.00 million; net proceeds, after estimated expenses, are projected at HK$104.80 million, equivalent to a net placing price of HK$1.048 per share. • Planned use of net proceeds: – HK$58.80 million (56.11%) for research and development of new IT solution products and related personnel costs; – HK$16.00 million (15.26%) for general working capital, covering staff, rental and administrative expenses; – HK$30.00 million (28.62%) to settle existing trade payables arising from procurement activities.
All other provisions of the original placing agreement remain unchanged. Completion of the transaction is contingent upon fulfillment of the agreed conditions; therefore, shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.