Modern Innovative Digital Technology Company Limited (Stock Code: 2322) provided additional information on 2 December 2025 regarding the intended use of proceeds from its placing of up to 300,000,000 new shares under a General Mandate. The placing is expected to generate gross proceeds of approximately HK$30 million, with net proceeds of around HK$29.3 million.

According to the announcement, the majority of the net proceeds is earmarked to bolster the working capital needs of ChaoShang Securities Limited, the Group’s licensed subsidiary that must maintain adequate financial resources for at least six months of operating expenses. As at 30 September 2025, this subsidiary’s cash stood at HK$11 million, which only covers half a year of expenses. To fulfill the financing requirement, the Company plans to allocate the proceeds primarily towards staff salaries (HK$15 million), office rent and rates (HK$10 million), and other general operating expenses (HK$4.3 million) by June 2027.

The Company notes that the placing is subject to the fulfillment of conditions within the Placing Agreement and may or may not proceed to completion. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.