INFINITY DEV (00640) announced that as of the date of this announcement, its proposed listing in Singapore has entered the final stages. The company is preparing for a share placement, which is a key component of the Singapore listing. The placement shares, once issued, will be traded on the Catalist board of the Singapore Exchange (SGX) after completion of the placement, subject to the registration of the final offering document.

The Singapore listing is expected to take place by the end of 2025, pending fulfillment of the conditions outlined in the offering document, including the completion of the placement. To facilitate the listing, the company proposes to issue and allot new shares for trading on the Catalist board of SGX.

On November 17, 2025, the company intends to enter into a placement agreement with a placement agent, authorizing the placement of up to 35.1 million placement shares at a price not lower than HKD 2.335 per share. Assuming all placement shares are fully subscribed at the minimum price, the net proceeds are estimated to be approximately HKD 79.09 million.