InnoTek Limited announced on Apr, 15 2026 that it has completed a private placement of 24,600,372 new ordinary shares at 0.6506 Singapore dollars each, securing gross proceeds of 16.0 million Singapore dollars.

The tranche was fully subscribed by a roster of institutional investors, including Amova Asset Management, Areca Capital, Asdew Acquisitions, Avanda Investment Management, Ginko-AGT Global Growth Fund, ICH Synergrowth Fund, Lion Global Investors, TIH Investment Management, Tokio Marine Life Insurance Singapore, UOB Asset Management and Value Partners Hong Kong, alongside other high-net-worth participants.

Maybank Securities Pte. Ltd. acted as the sole placement agent.

Net proceeds of about 15.4 million Singapore dollars will fund expansion in Southeast Asia, strategic investments and working capital, with priority given to new facilities for GPU server components, AI-related liquid cooling projects and new-energy programmes. Plans include establishing CNC machining capacity at a new plant in Thailand, extending the Group’s Rayong facility and pursuing vertical-integration acquisitions.

Concurrently, Executive Director and Chief Executive Officer Lou Yiliang is conducting a vendor share sale of 6,150,000 existing shares at 0.6506 Singapore dollars each, expected to raise roughly 4.0 million Singapore dollars. Following the sale, he will retain 24,835,500 shares, equal to a 9.63 percent stake in the enlarged share capital, and has agreed not to sell additional shares for six months.

The placement price represents a 9.5 percent discount to the volume-weighted average price of 0.7189 Singapore dollars recorded on the last full trading day of Apr, 2 2026 and on Apr, 6 2026 up to the midday trading halt. The 24.6 million new shares account for about 9.54 percent of InnoTek’s enlarged issued share capital of 257,880,000 shares.

InnoTek Limited is a Singapore Exchange Mainboard-listed precision metal components manufacturer serving the consumer electronics, office automation and automotive sectors. The Group operates manufacturing facilities in China, Thailand, Vietnam and Malaysia through its wholly owned subsidiary, Mansfield Manufacturing Company Limited.