China Next-Gen Commerce and Supply Chain Ltd. has announced a placing of up to 16,000,000 new shares under its general mandate. The company entered into a placing agreement with a placing agent on February 10, 2026, after trading hours. The new shares will be offered to independent third parties and are part of the 96,000,000 shares authorized under the general mandate approved at the company's annual general meeting. The completion of the placing is subject to the satisfaction of conditions precedent, with the closing date scheduled on or before the fifth business day after these conditions are met, or on another date agreed in writing by the company and the placing agent.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Next-Gen Commerce and Supply Chain Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260210-12021038), on February 10, 2026, and is solely responsible for the information contained therein.