ISP Holdings (02340) announced that on September 30, 2025 (after trading hours), the company entered into a placement agreement with a placing agent. Under the agreement, the company conditionally agreed to place up to 127,448,000 placement shares through the placing agent on a best efforts basis at a placement price of HK$0.137 per placement share to no fewer than six placees who are independent third-party professionals, institutions or other investors.

The placement price represents a discount of approximately 16.46% to the closing price of HK$0.164 per share as quoted on the Stock Exchange on the date of the placement agreement. Assuming all placement shares are fully placed, the company expects to raise net proceeds of approximately HK$16.87 million.

Approximately 29.64% of the net proceeds will be used to pay professional institutional fees, while approximately 70.36% will be allocated for the group's general working capital.