HIGHTIDE-B (02511) has announced a placement agreement with its sole placing agent, dated July 31, 2026. Under the terms of the agreement, the company plans to issue up to 99 million placement shares on a best-efforts basis, targeting no fewer than six independent placees.

The placement price is set at HK$2.28 per share, representing a discount of approximately 12.31% from the closing price of HK$2.60 per share on the Stock Exchange of Hong Kong on July 31, 2026, the date of the agreement.

Assuming all placement shares are issued, the total gross proceeds from the placement are expected to be around HK$225.7 million. After deducting commissions and related expenses, the net proceeds are estimated to be approximately HK$223 million.