DATA UNION CAP (08375) announced that on December 29, 2025, the company entered into a placement agreement with a placing agent. Under this agreement, the placing agent has conditionally agreed to use its best efforts to place up to 57.6 million placing shares to no fewer than six placees at a placing price of HK$0.99 per share. The placement is conditional upon, among other things, the listing committee granting approval for the listing and trading of the placing shares. Assuming no change in the company's issued share capital between the date of this announcement and the completion of the placement, except for the allotment and issue of the placing shares, the maximum of 57.6 million placing shares represents approximately 20.00% of the company's existing issued share capital as of the announcement date; and approximately 16.67% of the company's issued share capital as enlarged by the allotment and issue of the placing shares. The placing price of HK$0.99 per share represents a discount of approximately 19.51% to the closing price of HK$1.23 per share as quoted on the Stock Exchange on December 29, 2025. Assuming all placing shares are successfully placed, the maximum gross proceeds from the placement are expected to be HK$57.024 million, while the net proceeds (after deducting all applicable costs and expenses, including placing commissions and levies) will be approximately HK$55.784 million, representing a net price of approximately HK$0.968 per placing share. The company intends to use the net proceeds from the placement for the following purposes: approximately 30% for the development of the group's electronic component trading business, including hiring new staff, formulating marketing plans, and expanding the product portfolio and sales network; approximately 30% for the group's business development in Software-as-a-Service (SaaS) solutions and innovative digital products, including hiring new staff, formulating marketing plans, and expanding the sales network; approximately 30% for the technical upgrade and research & development of the Pilot Algorithm System (PAS); and the remaining balance will be allocated for the group's general working capital purposes.