On February 3, 2026, the company entered into a subscription agreement with a subscriber, under which the company conditionally agreed to allot and issue, and the subscriber conditionally agreed to subscribe for, a total of 20.311 million subscription shares. This represents approximately 1.78% of the company's total issued share capital as of the date of this announcement, and about 1.74% of the company's total issued share capital as enlarged by the allotment and issue of the subscription shares (assuming no other changes to the issued share capital between the date of this announcement and the completion of the subscription).

The subscription price of HK$6.00 per subscription share represents a discount of approximately 8.40% to the closing price of HK$6.55 per share as quoted on the Stock Exchange on the date of the subscription agreement.

The gross proceeds from the subscription are expected to be approximately HK$121.9 million, while the net proceeds, after deducting the expenses related to the subscription, will be approximately HK$121.6 million. This is equivalent to a net issue price of about HK$5.99 per subscription share.

The Board intends to use the net proceeds from the subscription for the Group's general working capital purposes. Specifically, approximately 90% is earmarked for potential AI computing power cloud service projects, and the remaining 10% is allocated for daily operational expenses.