MAIYUE TECH (02501) has announced that on July 25, 2026, the company entered into a placing agreement with a placing agent. The company intends to place up to 100 million placing shares through the placing agent to no fewer than six placees, with each placing share priced at HK$0.97.

This price represents a discount of approximately 19.17% to the closing price of HK$1.20 per share as quoted on the Stock Exchange on the last trading day. The maximum net proceeds from the placing are estimated to be around HK$96 million.

The net proceeds are allocated as follows: 52.08% will be used for research and development of new products and solutions related to the group's core business of providing integrated IT solutions services; 16.67% will serve as general working capital for the group; and 31.25% will be used to settle the group's existing trade payables that have matured or are expected to mature, which primarily arise from the group's procurement of hardware, software, and other products and services from suppliers for its existing business operations.