Xinhua Lande Scitech Co., Limited (stock code: 8106) reached agreements on 11 February 2026 to issue a total of 55.17 million new H shares under a general mandate. These shares will be allotted at HK$0.31 per share, expected to raise gross proceeds of approximately HK$17.10 million; net proceeds are estimated at around HK$16.71 million after costs.

The total new shares represent about 21.05% of the company’s existing issued H share capital and 17.39% after completion. In terms of total share capital, they signify around 10.89% before and 9.82% post-issuance. The company intends to dedicate roughly 80% of the raised funds to bolstering its smart city solutions, including expanded project operations and digital analytics teams, while the remaining 20% will serve as general working capital.

The subscription price matches the 11 February 2026 closing price of HK$0.31 per share and is marginally above the average closing price over the preceding five trading days. The shares are to be issued under an existing general mandate granted at the company’s annual general meeting in June 2025, and no further shareholder approval is required. Completion remains subject to regulatory clearance and listing approval, and investors are advised that the agreement may or may not proceed. Upon completion, public float will remain above 25% of the enlarged issued capital.