Delay in completion of general mandate placing new shares for China In-Tech (00464)

CHINA IN-TECH (00464) announces that according to the general mandate, a total of 46 million shares will be offered at a price of HK$0.225 per share. The Board of Directors have been in contact with the joint placement agents to complete the transaction. On February 28, 2025, the company received written notification from the joint placement agents that additional time is needed to complete the transaction, and the completion date will be extended to March 7, 2025, or earlier (or a later date as agreed by the company and the joint placement agents).