International Business Digital Technology Limited (Stock Code: 1782) entered into a placing agreement with DL Securities (Hong Kong) Limited on November 20, 2025. Under the arrangement, up to 28,000,000 new shares may be issued at HK$3.60 per share, reflecting an approximately 8.86% discount to the HK$3.95 closing price on the agreement date. The placing shares represent around 3.627% of the existing share capital and will be allotted under a general mandate.

The maximum gross proceeds are estimated at HK$100.80 million, and the net proceeds after fees are approximately HK$99.72 million, implying a net issue price of roughly HK$3.5614 per share. The shares will be distributed to at least six independent placees on a best-effort basis, with no placee anticipated to become a substantial shareholder.

According to the announcement, about 65.18% of the proceeds are to be allocated for developing three new APM-related technologies, roughly 20.06% will support the company’s planned overseas virtual asset services expansion, and around 14.76% will serve general working capital needs. The placing remains subject to certain conditions, including Stock Exchange approval and the satisfaction or waiver of other terms. The company cautions that the transaction may or may not proceed, and investors are advised to exercise care when dealing in its shares.