HKE HOLDINGS (01726) announced that on February 4, 2026 (after trading hours), the company entered into a placement agreement with the placing agent, Dasheng Securities Limited. Pursuant to this agreement, the company has conditionally agreed to appoint the placing agent, on a best-efforts basis, to place up to 100 million placing shares at a price of HK$1.20 per share to no fewer than six placees. These placees and their ultimate beneficial owners must be independent third parties not connected to each other and not acting in concert with any other placee.

The maximum number of placing shares represents approximately 9.28% of the company's existing issued share capital as of the date of this announcement. It also represents approximately 8.49% of the company's issued share capital as enlarged by the allotment and issue of the placing shares, assuming no changes to the issued share capital from the announcement date until completion.

Assuming all 100 million placing shares are fully subscribed, the gross proceeds from the placement will amount to HK$120 million upon completion. The net proceeds from the placement are estimated to be HK$119 million, after deducting commissions and other expenses related to the placement, resulting in a net issue price of approximately HK$1.188 per placing share.

The company intends to allocate approximately HK$65 million, representing about 55% of the net proceeds, to fund its financial technology platform business. Approximately HK$30 million, or about 25% of the net proceeds, is designated for strategic investment opportunities. The remaining balance of approximately HK$23.8 million, equivalent to about 20% of the net proceeds, will be used as general working capital for the group.