CMON Limited (Stock Code: 1792) entered into a Placing Agreement on January 19, 2026, with Grand China Securities Limited as the Placing Agent, seeking to place up to 10,320,000 new shares at HK$0.800 per share under a general mandate. According to the announcement, the up to 10,320,000 Placing Shares represent 20.00% of the existing issued share capital and approximately 16.67% of the enlarged share capital upon completion.

The Placing Price reflects a 16.67% discount to CMON Limited’s closing share price of HK$0.960 on January 19, 2026, and a 13.98% discount to the average closing price of HK$0.930 over the preceding five trading days up to January 16, 2026. After accounting for a 3.0% placing commission and related expenses, the maximum net proceeds are estimated at around HK$7.9 million, with a gross proceed estimate of HK$8,256,000.

Under the terms of the announcement, CMON Limited intends to use the net proceeds for general working capital: approximately HK$1.975 million will be allocated for marketing and events, HK$4.938 million for game development, and HK$0.988 million for operating its board games, miniature war games, and other hobby products business. The shareholding structure is set to increase from 51,600,000 shares to 61,920,000 shares if all Placing Shares are fully placed.

Completion remains subject to the Stock Exchange granting approval for the listing of the new shares and the fulfilment of other conditions under the agreement. The company cautions that the Placing may or may not proceed based on these conditions.