PINE TECH (01079) announced that on December 4, 2025, the company entered into a placement agreement with a placing agent. Under the agreement, the placing agent agreed to use its best efforts to place up to 100 million new shares to independent placees at HK$0.30 per share. The placement price of HK$0.30 represents a discount of approximately 9.09% to the closing price of HK$0.330 per share on the Hong Kong Stock Exchange on December 4, 2025.

The maximum number of placement shares is 100 million, accounting for about 7.54% of the company's total issued share capital of 1.327 billion shares as of the announcement date. Upon completion of the placement, the new shares will represent approximately 7.01% of the enlarged issued share capital.

The net proceeds from the placement are estimated to be approximately HK$29.41 million (assuming full subscription of the placement shares and after deducting all related expenses). The funds will be used for the group's general working capital purposes.