JIANGSU HORIZON (02625) announced that on November 11, 2025, the company entered into a placement agreement with a placement agent. Under the agreement, the company appointed the agent to use its best efforts to procure subscribers to purchase up to 21.42 million new H shares at the placement price, subject to the terms and conditions of the agreement.

The placement shares represent 10% of the company's issued share capital as of the announcement date and approximately 9.09% of the enlarged share capital upon completion of the placement. The placement price is set at HK$2.90 per H share, representing a discount of approximately 13.95% to the closing price of HK$3.37 per H share on the Hong Kong Stock Exchange on the agreement date.

Assuming full subscription, the gross proceeds from the placement will amount to HK$62.13 million, with estimated net proceeds of approximately HK$58.65 million, equivalent to a net placement price of about HK$2.737 per share.

The net proceeds are expected to be fully utilized for capital contribution to Haike Horizon Digital Technology (Jiangsu) Co., Ltd. (Haike Horizon), which primarily engages in digital technology services, including the development and application of artificial intelligence, smart robotics, software, and blockchain solutions. Its business also covers data processing, e-commerce, import and export, advertising, and related consulting and technical services.

The board believes the placement will diversify the company's shareholder base and funding sources. Additionally, the net proceeds will strengthen the group's financial position to prepare for future development.