PINE Technology Holdings Limited (1079) entered into a Placing Agreement on December 4, 2025, with Get Nice Securities Limited as the Placing Agent. Under this agreement, up to 100,000,000 new shares will be placed at HK$0.30 per share on a best effort basis. The placing price represents a discount of approximately 9.09% to the company’s closing price of HK$0.330 on December 4, 2025, and about 15.25% to the average closing price of HK$0.354 over the five trading days immediately prior to that date.

The placing shares represent around 7.54% of the company’s existing share capital of 1,326,701,739 shares as of the announcement date, and about 7.01% of the enlarged share capital once the placing is completed. Conditional on the Stock Exchange’s approval for the listing of the new shares and relevant consents, the transaction is expected to raise net proceeds of approximately HK$29.41 million. These proceeds will be used for the group’s general working capital.

Upon full completion, the shareholding of MicroNova Limited—currently holding 53.89%—is expected to be diluted to 50.11%, while placees would own 7.01% and other public shareholders would hold 42.88%. The company states that the transaction aims to broaden both the shareholder base and capital base, with the directors considering the terms fair and reasonable for the group and its shareholders.

The group is primarily engaged in sales of computer components and consumer electronic products, trading of plastic products, and providing computer software, hardware, and system development services in Hong Kong and mainland China. No shareholder approval is required for the placing, as it is conducted under a general mandate granted by the annual general meeting on November 29, 2024. The company has confirmed that there have been no equity fund-raising activities in the 12 months preceding this announcement.