China In-Tech Limited (00464) reported entering into 27 subscription agreements on November 6, 2025. A total of 117,088,000 new shares will be issued at a price of HK$0.9 each, representing approximately 18.32% of the existing issued share capital and about 15.48% of the enlarged share capital.

According to the announcement, these newly issued shares under the general mandate are expected to raise gross proceeds of roughly HK$105.4 million, with estimated net proceeds of about HK$102.9 million after expenses. The company plans to allocate these net proceeds for business development, debt repayment, and general working capital, with full utilization anticipated within 12 months following completion.

The subscription price of HK$0.9 per share represents a discount of approximately 19.64% to the closing price on the agreement date. Subject to fulfillment of conditions, completion of the subscriptions is set to occur within five business days once all requirements, including regulatory approvals and payment of proceeds by subscribers, have been met.

Following completion, the company’s total share capital is expected to increase from 639,154,000 shares to 756,242,000 shares. Shareholders and potential investors are advised to exercise caution, as the subscriptions may or may not proceed depending on whether all conditions are satisfied.