Mindtell Technology Limited (Stock Code: 8611) proposes to issue up to 468.00 million new shares at HK$0.60 per share by way of a 1-for-1 rights issue, targeting gross proceeds of approximately HK$280.80 million. After deducting estimated expenses, net proceeds would be around HK$275.20 million. Shareholders holding shares on the record date of 17 April 2026 may participate. There is no minimum subscription level and the rights issue will proceed on a non-underwritten basis.

The company’s plan allocates about 20.00% (HK$55.00 million) of the net proceeds to enhancing research and development capabilities through advanced hardware, high-performance computing infrastructure, and an expanded technical team, mainly focused on improving NS3 and CUSTPRO, two core platforms supporting data conversion, predictive analytics, and risk monitoring across various industries. Around 60.00% (HK$165.10 million) is intended for similar builds in the People’s Republic of China, including hardware procurement, leased server capacity, and tailored software enhancements aligning with potential growth opportunities. The remaining 20.00% (HK$55.00 million) will be used for ongoing operations and contingency expenses.

Unsubscribed rights shares and any portion not taken up by non-qualifying shareholders will be placed to independent parties. The subscription price of HK$0.60 reflects a discount to recent share prices, an approach that, according to the board, looks to achieve a successful capital raise amidst market volatility. The rights issue requires approval by independent shareholders at the extraordinary general meeting scheduled for 2 April 2026. Subject to fulfillment of conditions—particularly approval by the exchange’s listing committee and no termination by the placing agent—dealings in fully paid rights shares are expected to commence on or around 27 May 2026.