Modern Innovative Digital Technology Company Limited (Stock Code: 2322) announced a plan to place up to 300,000,000 new shares under a general mandate. According to the company, the placing price is set at HK$0.1 per share, representing discounts of approximately 16.67% to the closing price on 17 November 2025 and around 17.49% to the five-day average closing price prior to that date.

The maximum gross proceeds from the placement are estimated at roughly HK$30,000,000, while net proceeds, after fees and related expenses, are expected to be approximately HK$29,300,000. The company intends to apply the net proceeds for general working capital.

If fully placed, the 300,000,000 new shares amount to around 7.28% of the current issued share capital and about 6.79% of the enlarged share capital. The placing will be managed jointly on a best effort basis by ChaoShang Securities Limited, Cheong Lee Securities Limited, and Ruisen Port Securities Limited. The shares will be allotted and issued under the existing general mandate granted at the annual general meeting on 23 September 2025, and no further approval from shareholders is required.

Completion of the placement is subject to several conditions, including the granting of approval for listing and permission to deal in the new shares on the Stock Exchange. The company highlights that the placing may or may not proceed and recommends that shareholders and potential investors exercise caution when dealing in its shares.