China In-Tech (00464) Completes HK$105.4 Million Share Subscription Under General Mandate

Bulletin Express
Nov 27

China In-Tech Limited (00464) announced the completion of a subscription of 117,088,000 new shares under its General Mandate at a price of HK$0.9 per share. The completion took place on November 27, 2025, after subscription agreements were fulfilled on November 26, 2025.

The newly issued shares represent approximately 15.48% of the company’s enlarged share capital, increasing the total outstanding shares from 639,154,000 to 756,242,000. Gross proceeds of the subscriptions amounted to around HK$105.4 million, with net proceeds of approximately HK$102.9 million. According to the company, such proceeds will be used for purposes previously disclosed in announcements dated November 6 and November 17, 2025.

After completion, none of the subscribers has become a substantial shareholder or a connected person of the company. The largest shareholder before and after the completion remains China Yuen Capital Limited, holding 218,544,500 shares. The company’s board consists of three executive directors and three independent non-executive directors, and it confirms that all share-allotment procedures were executed in accordance with the terms of the respective subscription agreements.

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