AUTO ITALIA Holdings (00720) announced that on February 13, 2026 (after trading hours), the company entered into a placement agreement with a placing agent. The company intends to place up to 50 million new shares through the placing agent at a price of HK$0.30 per share. This represents a discount of approximately 11.76% compared to the closing price of HK$0.34 per share on the date of the placement agreement on the Stock Exchange. The maximum net proceeds from the placement are estimated to be approximately HK$14.36 million. Approximately HK$7.18 million is intended to be used for expanding the group's electric vehicle business, and approximately HK$7.18 million is allocated for the group's general working capital purposes.

On the same day, the company also proposed issuing convertible bonds with a total principal amount of HK$98 million to Unicorn Global Group Limited. The initial conversion price is set at HK$0.34 per share.

As of February 13, 2026, the total outstanding debt owed by the group to the subscriber amounted to approximately HK$98 million. The directors believe that capitalizing the debt amount into convertible bonds will reduce the group's liabilities and gearing level, thereby strengthening its financial position. Concurrently, the cash portion from the subscription and the proceeds from the placement will provide additional working capital support for the group's operations and future development.