ILUVATAR COREX (ASX: 09903) has announced a proposed placement of new H-shares. The company entered into a placement agreement with a placing agent on July 9, 2026, before market hours on the Hong Kong Stock Exchange.

Under the agreement, the placing agent will act as the company's agent to use its best efforts to procure no fewer than six placees to subscribe for a total of 14.857 million new H-shares. The placement price is set at HK$476.00 per H-share.

This price represents a discount of approximately 15.00% compared to the closing price of HK$560.00 per H-share on the last trading day prior to the announcement.

Details of the Share Issuance

The placement shares represent approximately 6.06% of the existing issued H-share capital and about 5.84% of the total issued share capital (excluding any treasury shares) as of the announcement date.

Following the issuance and allotment of the placement shares, the new shares will account for roughly 5.72% of the enlarged issued H-share capital and approximately 5.52% of the total enlarged issued share capital (excluding any treasury shares).

This calculation assumes no other changes to the issued share capital between the announcement date and the settlement date, apart from the issuance of the placement shares.

Fundraising Objectives

Assuming the placement is fully subscribed, the gross proceeds are expected to be approximately HK$7.072 billion. After deducting commissions and estimated expenses, the net proceeds are anticipated to be around HK$7.034 billion.

Based on these figures, the net issue price per placement share is calculated to be approximately HK$473.41.