Net-A-Go Technology Company Limited (1483) has entered into a subscription agreement on 30 January 2026 with S Harmony Investment Fund SPC, for and on behalf of Summit Nova Capital SP (the Subscriber), to issue 80,000,000 new shares under its general mandate. The subscription price is HK$0.88 per share, representing approximately an 18.52% discount to the closing price of HK$1.08 as quoted on 30 January 2026. According to the announcement, these new shares account for around 10.82% of the issuer’s existing share capital (excluding treasury shares) at the time of the agreement and about 9.76% of the enlarged share capital following the completion of the transaction.
Completion is conditional upon approval from the Stock Exchange’s Listing Committee. If approved, the new shares will be issued and represent an aggregate nominal value of HK$800,000, based on a par value of HK$0.01 per share. The deal is expected to yield net proceeds of approximately HK$70.2 million, with 60% allocated for existing operations, development of the current business, and potential investment in embodied intelligent robot technology, while 40% is allocated for general working capital.
The group primarily engages in media advertising, environmental maintenance, and trading. The Subscriber—structured as a segregated portfolio under a Cayman Islands-based exempted company—intends to invest in the company through this share subscription, subject to all conditions being fulfilled. Shareholders and potential investors are advised to exercise caution and consult professional advisers when dealing in the company’s securities.