Smart City Development Holdings Limited issued an announcement referencing its 23 February 2026 placement proposal under a General Mandate. Due to market conditions, the company and the placing agent mutually agreed to terminate the placing agreement with immediate effect, and neither party will bear further liabilities other than any obligations arising from any preceding breach.

The company stated that this termination has no material adverse impact on its business operations or financial position. Smart City Development Holdings Limited may engage in future fundraising activities depending on its development plans and market conditions, with further announcements to be issued as necessary. The announcement was dated 5 March 2026.