TAI KAM HLDGS (08321) announced that on November 7, 2025 (after trading hours), the company (as issuer) entered into a non-legally binding memorandum of understanding (MOU) with independent third-party Blue Water Capital Management Limited (as subscriber) and Kinchit Capital Limited (as placing agent). Collectively referred to as the "contracting parties," the MOU outlines: (i) the potential subscriber's intention to subscribe for 160 million new shares at HK$0.20 per share under a special mandate (representing approximately 29.83% of the enlarged issued share capital); (ii) the company's intention to place 130 million new shares at HK$0.20 per share through the placing agent (representing about 24.24% of the enlarged issued share capital); and (iii) the proposed right for the subscriber to nominate Mr. Michael Stockford as a director. The terms of the MOU remain subject to further negotiation and execution of definitive agreements. The board believes the potential transactions would strengthen the group's financial position and fund working capital needs, while also expanding the shareholder and capital base. Additionally, the subscriber—a fund management company—is expected to leverage its advisory and asset management expertise to help diversify the group's business and mitigate investment risks.