Guangdong – Hong Kong Greater Bay Area Holdings Limited (1396) announced that it entered into subscription agreements on February 3, 2026, for the issuance of 20,311,005 new shares under a general mandate. According to the announcement, these shares represent approximately 1.78% of the existing share capital before the subscription and around 1.74% afterward.

The subscription price is HK$6.00 per share, reflecting about an 8.40% discount to the HK$6.55 closing price on the agreement date and approximately a 2.94% discount to the HK$6.182 average closing price over the preceding five trading days. Gross proceeds are expected to be HK$121.87 million, with net proceeds of around HK$121.57 million after deductions.

The board intends to apply roughly 90% of the net proceeds toward potential AI computing power cloud services projects and around 10% for daily operating expenses. Completion of the subscription remains subject to outlined conditions, including necessary approvals and listing permission for the new shares. Upon completion, the company’s share capital is set to increase from 1,143,739,463 to 1,164,050,468 shares.