Net-A-Go Technology (1483) Discloses HK$70.2 Million Proceeds Allocation from Share Subscription

Bulletin Express
Feb 11

Net-A-Go Technology Company Limited (Stock Code: 1483) announced further details regarding its intended use of approximately HK$70.2 million net proceeds from a subscription arrangement dated 30 January 2026. Subject to completion, HK$17.55 million is planned for building on existing operations, including applying AI technology to streamline daily activities. Another HK$24.57 million is allocated to potential investment opportunities in the embodied intelligent robot and related value chain, aiming to boost operational efficiency in environmental maintenance. Approximately HK$28.08 million is designated for general working capital and corporate expenses, covering payroll-related costs, professional fees, and administrative expenditures expected in the second half of 2026 and first half of 2027.

Summit Nova, a special purpose entity of the subscriber, will subscribe for the new shares under the general mandate. The announcement highlights the company’s strategy of utilizing technology-based approaches and potential strategic investments to enhance its core businesses and future prospects.

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