China In-Tech (00464) has published a supplemental announcement regarding its issuance of new shares under a general mandate, originally announced on November 6, 2025. The total net proceeds of HK$102.9 million are allocated to business development, debt repayment, and general working capital.

According to the announcement, the group plans to strengthen its information technology service segment, which currently offers tailor-made platform development in intelligent city management, retail, education, and energy. Efforts will include investing in Web3.0 and blockchain technology to enhance settlement and payment solutions, focusing on decentralized data storage and on-chain transaction models. Approximately HK$30 million is budgeted for Web3.0-related system development, including recruitment of experienced technical personnel and potential cooperation with technology partners.

Of the remaining funds, HK$6.9 million is designated for debt repayment and HK$9.8 million for maintaining liquidity. The balance will support general working capital needs such as staff expenses, trade payables, professional fees, and operational expenditures, as well as ongoing research and development efforts. All allocations are expected to be utilized within 12 months from the completion date of the share subscription.