C.banner International Holdings Limited (Stock Code: 1028) provided additional information regarding its plan to issue new shares under a general mandate and unlisted warrants under a specific mandate. According to the company’s supplemental announcement dated November 11, 2025, the net proceeds are estimated at approximately HK$80 million from Subscription Shares (subscription price: HK$0.205), HK$16 million from Warrants (issue price: HK$0.036), and HK$131 million from Warrant Shares (exercise price: HK$0.28), for a total of about HK$227 million assuming full warrant exercise.

Management clarifies that 100% of the proceeds will go to the company’s general working capital, with allocations including around 30% for further development of AI technology in supply chain management, 30% for sales and marketing enhancements through AI-driven solutions, 20% for recruiting AI-specific talent, and 20% for general corporate expenses.

The Warrants’ subscription rights may be exercised anytime within two years from the issuance date, with the exact expiry date to be set after shareholders approve the related resolutions at the Special General Meeting. The Announcement notes that certain ultimate beneficial owners of the Subscribers possess extensive AI technology expertise, which the company believes can aid in upgrading its operations through AI-based initiatives.