The board of Voicecomm Technology Co., Ltd. (VOICECOMM, 02495.HK) released a supplemental announcement on 11 March 2026 detailing progress on the proposed issuance of new H shares under its existing general mandate.

The subscriber, a Hong Kong-registered limited partnership fund, will act through its general partner Jingxin International Financial Group Co., Limited. Jingxin Financial holds Type 1, Type 4 and Type 9 licences under the Hong Kong Securities and Futures Ordinance and is owned 60% by Mr. Wang Jianhai and 40% by Mr. Lin Gongyi. No other investor holds more than a 30% stake in the fund. The company confirmed that both the subscriber and its ultimate beneficial owners are independent third parties.

Among the four conditions precedent stipulated in the subscription agreement, only one—Stock Exchange approval for the listing and dealing of the new shares—has been fulfilled. The remaining key condition involves the subscriber obtaining board approval from one of its investors, a PRC-listed company.

To allow time for that approval, VOICECOMM has extended the long-stop date. Management cited three considerations: strengthening the group’s capital structure, facilitating orderly completion, and ensuring no material adverse impact on current operations. The board views the revised terms as fair and reasonable and in the interests of all shareholders.

VOICECOMM reiterated that completion remains subject to satisfaction or waiver of all outstanding conditions and advised investors to exercise caution when dealing in the company’s shares. The company will issue further updates in compliance with Hong Kong Listing Rules as developments occur.