CLOUDBREAK-B (02592) has disclosed an agreement to issue new shares to an investor.

On June 18, 2026, following market close, the company entered into a share subscription pact with investor ARC Group International Limited.

Under the terms of the agreement, the company holds the right, subject to its conditions, to allot and issue shares to the investor from time to time.

The investor is obligated to subscribe for shares worth up to $15 million, equivalent to approximately HK$117 million.

ARC Group International Limited is a limited liability company incorporated in Hong Kong and is a direct wholly-owned subsidiary of ARC Group Limited.

ARC Group Limited is a global financial services and advisory firm with deep roots in Asia, boasting over a decade of excellence in investment banking, asset management, wealth management, and management consulting.

The ultimate beneficial owner of the investor is Mr. Abraham Dominguez Cinta.

The board of directors views the subscription as an opportunity to strengthen the group's financial position by reducing its liabilities, providing additional working capital for future development and obligations, and broadening its shareholder base.

The company has explored various fundraising options and believes that, as of the date of this announcement, the subscription represents the most suitable and efficient financing choice to further support the group's ongoing development and business growth.

The directors consider that the share subscription agreement was determined with reference to market conditions and the prevailing market environment.

It was entered into by the company and the investor on an arm's length basis and under normal commercial terms.

The terms of the agreement, including but not limited to the subscription price and commitment fee, are deemed fair and reasonable, aligning with the overall interests of the company and its shareholders.