Newlink Technology Inc. (Stock Code: 9600) reported that on 4 February 2026, it entered into a Placing Agreement with Dongxing Securities (Hong Kong) Company Limited. Under this agreement, Newlink Technology Inc. will place, on a best-effort basis, up to 60,000,000 new shares at HK$0.300 per share.

According to the announcement, this placement price represents a premium of approximately 48.51% over the closing price of HK$0.202 on the day of the Placing Agreement. Estimated net proceeds amount to around HK$17,909,270, which the company intends to use for general working capital, including professional fees (20%), employee salaries (60%), and utility expenses and other costs (20%).

Following allotment, the 60,000,000 placing shares will account for about 5.98% of the enlarged share capital of Newlink Technology Inc. The company highlights that this transaction will strengthen its financial position and expand its shareholder base, while the placee, Blossoming M Holdings Limited, is expected not to become a substantial shareholder after completion.