IDT INT'L (00167) announced that all conditions outlined in the placement agreement (as amended and supplemented by a supplemental agreement) have been fulfilled. The placement was successfully completed on March 12, 2026, in accordance with the terms and conditions of the agreement.

A total of 86.652 million placement shares, representing approximately 16.66% of the company's issued share capital as of the date of this announcement following the completion, were successfully allocated to no fewer than six placees at a price of HK$1.88 per share. After deducting all related expenses, including but not limited to placement commissions, professional fees, and other associated costs, the net proceeds from the placement amounted to approximately HK$161 million.

As previously disclosed in a supplementary announcement, the company intends to allocate the net proceeds as follows: approximately HK$80.34 million, or about 50.0% of the net proceeds, will be used to establish and develop the plan; and approximately HK$80.34 million, or about 50.0% of the net proceeds, will be used to supplement the group's general working capital.