REMT (00601) has announced a placement agreement entered into with a placing agent on August 21, 2026, after trading hours. Under the terms, the company conditionally agrees to place up to 96 million shares at a price of HK$0.05 per share on a best-effort basis to no fewer than six placees, who, along with their ultimate beneficial owners, must be independent third parties. The placing price excludes transaction fees, levy charges, and brokerage fees that placees may be liable for.

The maximum number of placing shares represents approximately 16.20% of the company's existing issued share capital of 593 million shares as of the announcement date, and approximately 13.94% of the enlarged issued share capital after the allotment and issuance of the placing shares, assuming no change in the total number of issued shares from the announcement date to the completion date.

The placing price of HK$0.05 per share represents a discount of approximately 19.35% to the closing price of HK$0.062 per share as quoted on the Stock Exchange on August 21, 2026. Assuming all 96 million placing shares are successfully placed, the total gross proceeds from the placement will amount to HK$4.8 million. After deducting placing commission and other related costs and expenses, the estimated net proceeds will be approximately HK$4.5 million, translating to a net issue price of approximately HK$0.047 per placing share.

The directors intend to apply the net proceeds from the placement as follows: 50% for the payment of auditing and professional fees, 30% for employee costs, and the remaining 20% for the settlement of trade payables and other accounts payable.