Metaspacex Limited (1796) announced on February 13, 2026, that it has entered into a subscription agreement to issue 16.70 million new shares at HK$3.00 each, representing approximately 3.50% of its existing share capital and about 3.40% of its enlarged share capital. Gross proceeds are expected to be HK$50.10 million, while net proceeds of HK$50.00 million are intended primarily for business cooperation with Guangzhou Xinglun Safety Industry Co., Limited in areas including Industrial Internet of Things, industrial software, and smart manufacturing, as well as for general working capital needs.

The subscription price reflects a discount of about 2.60% to the February 13, 2026 closing share price of HK$3.08 but stands at a 2.40% premium over the past five trading days’ average of HK$2.93. This share issuance falls under the company’s existing general mandate granted in August 2025. The largest shareholder, China Sports Asset Management Co., Limited, holds approximately 74.61% prior to the issue, shifting to around 72.10% thereafter, while the subscriber’s resulting stake is about 3.40%. The transaction’s completion remains subject to relevant conditions, including the Stock Exchange’s listing approval.