CANBRIDGE-B (01228) has entered into a subscription agreement with investors on February 15, 2026. Under the terms of the agreement, the company will conditionally issue a total of 84.0336 million new shares to the subscribers at a price of HK$2.38 per share. The subscription price of HK$2.38 per share represents a discount of approximately 14.70% compared to the closing price of HK$2.79 per share on The Stock Exchange of Hong Kong on February 13, 2026, which was the last trading day prior to the announcement.

The gross proceeds from the subscription are expected to be approximately HK$200 million. After deducting related expenses incurred for the transaction, the net proceeds receivable by the company are estimated to be about HK$199 million. The net issue price per share is HK$2.37.

The company intends to allocate the net proceeds from the subscription for the following purposes: working capital and registration maintenance for commercialized products; research and development expenses for existing product pipelines; and settlement of the group's trade payables.