INFINITIES TECH (01961) announced that on March 4, 2026 (after trading hours), the placing agent entered into a placing agreement with the company. According to the agreement, the placing agent has conditionally agreed to use its best efforts to procure no fewer than six placees to subscribe for up to 147 million placing shares at a placing price of HK$0.35 per share. The placing shares will be allotted and issued under the general mandate.

Assuming no change in the company's issued share capital between the date of this announcement and the completion date, the maximum of 147 million placing shares represents approximately (i) 20% of the company's issued share capital as of the date of this announcement; and (ii) approximately 16.67% of the company's issued share capital as enlarged by the issuance and allotment of the placing shares.

The placing price of HK$0.35 per share represents a premium of approximately 14.75% compared to (i) the closing price of HK$0.305 per share as quoted on the Stock Exchange on March 4, 2026.

Assuming all placing shares are successfully placed, the gross proceeds and net proceeds from the placing are expected to be approximately HK$51.4 million and HK$50.8 million, respectively. This equates to a net issue price of approximately HK$0.3459 per placing share.

The company intends to use the net proceeds for (i) the business operations and general working capital of the group; (ii) further research and development of gaming products and artificial intelligence products; and (iii) strengthening and diversifying the group's gaming segment and facilitating the maintenance of traffic on its advertising platform.