FAR INTL (02516) announced that on November 12, 2025, the company entered into a placement agreement with a placing agent. Under the agreement, the company conditionally agreed to place up to 156 million shares at HK$0.455 per share to no fewer than six placees on a best-efforts basis.

Assuming no change in the number of issued shares from the announcement date to completion, the 156 million placement shares represent approximately 16.67% of the company’s enlarged issued share capital. The placement price of HK$0.455 per share represents a discount of about 10.78% to the closing price of HK$0.51 per share on the date of the placement agreement.

If all placement shares are fully subscribed, the gross proceeds and net proceeds are estimated to be approximately HK$70.98 million and HK$69.62 million, respectively. The company intends to allocate the net proceeds as follows: no less than HK$60 million will be used to strengthen the development of its existing logistics business (including but not limited to warehouse expansion), while the remaining amount will be allocated for general working capital purposes.