C.BANNER (01028) announced that on October 29, 2025, the company entered into nine subscription agreements with nine subscribers. The agreements involve the issuance of a total of 415.4 million subscription shares at a price of HK$0.205 per share, representing a discount of approximately 16.67% compared to the closing price of HK$0.246 per share on the last trading day on the Hong Kong Stock Exchange. The total subscription amount for the shares is HK$85.157 million.

Additionally, the company will issue 474.5 million warrants at an issue price of HK$0.036 each. Each warrant entitles the holder to subscribe for one warrant share at an exercise price of HK$0.28 per share.

The company expects to raise net proceeds of approximately HK$80 million from the issuance of subscription shares and HK$16 million from the warrants, after deducting related expenses and professional fees. If all warrants are fully exercised, the estimated net proceeds are expected to increase to approximately HK$131 million.

The proceeds from the subscription will be used for the company's general working capital, including exploring the development and application of artificial intelligence in upgrading the group's business, building an AI-powered business ecosystem, and recruiting AI talent.