Cloud Factory Technology Holdings Ltd (02512) announced on July 18, 2025, that it has entered into two subscription agreements under its general mandate. The company signed Subscription Agreement A with Subscriber A for the issuance of 26.277 million shares at HK$4.98 per share. Concurrently, Subscription Agreement B was executed with Subscriber B for 19.708 million shares at the identical price point.

This placement price represents a 0.40% discount to the stock's closing price of HK$5.00 on the transaction date. Upon completion, the capital raising initiative is expected to generate net proceeds of approximately HK$228 million. The net price per subscription share amounts to roughly HK$4.96 after accounting for related expenses.

Proceeds from the private placement will be allocated toward general corporate purposes and working capital requirements. The transaction remains subject to customary closing conditions and regulatory approvals.