On January 9, 2026, E-STAR CM (06668) announced that the company entered into a discretionary investment management agreement with a manager. Under this agreement, the company agrees to appoint the manager, who in turn agrees to accept the appointment to provide discretionary investment management services. The total investment amount is expected not to exceed HK$200 million, which will be funded from the company's currently available cash reserves, and the manager is authorized to manage the investment portfolio on the company's behalf. The company agrees to appoint the manager for the provision of discretionary portfolio investment management services, and the manager agrees to accept this appointment.

The investment objective of the portfolio is to achieve capital appreciation through investments in money market funds, IPO placements, block trades, and Private Investments in Public Equity (PIPE). The portfolio may concentrate up to all of its assets in the shares of one or more target companies. In line with the company's treasury policy, it continuously seeks to expand its offshore funds through investments in different asset classes and has subscribed to various wealth accumulation instruments.

By entering into the discretionary investment management agreement, the company aims to reasonably and efficiently utilize the Group's temporarily idle cash to enhance the overall return on capital and provide funding support for its core business. According to the terms of the discretionary investment management agreement, the company can flexibly withdraw any or all of the related investments from the portfolio as needed.

These measures will help the company generate potential income from its overseas cash surplus while maintaining its liquidity position, thereby better supporting the development of its core operations.