CHINA INFO TECH (08178) announced that on November 19, 2025, the company entered into a placement agreement with a placing agent. Under the agreement, the placing agent, acting on a best-efforts basis, will arrange for no fewer than six placees to subscribe for up to 14 million placement shares at a price of HK$0.28 per share.

Assuming no changes in the company's issued share capital from the announcement date to the completion date, the maximum number of placement shares under the agreement will be 14 million, representing approximately 13.90% of the company's existing issued share capital as of the announcement date and about 12.20% of the enlarged issued share capital upon full allotment and issuance of the placement shares.

The placement price of HK$0.28 per share represents a discount of approximately 15.15% to the closing price of HK$0.33 per share on the Hong Kong Stock Exchange on the agreement date.

If all placement shares are fully subscribed, the gross proceeds from the placement will amount to HK$3.92 million, while the net proceeds (after deducting placement commissions and other related expenses) will be approximately HK$3.82 million, equivalent to a net placement price of about HK$0.27 per share.

The board intends to use the net proceeds for repaying upcoming debt obligations and general working capital purposes for the group.