IMOTIONTECH (01274) plans to offer approximately 8.97% discount on the placement of 15.495 million shares, raising approximately HK$231 million net.

IMOTIONTECH (01274) announced that on July 12, 2025, the company entered into a placing agreement with the placing agent. Under the agreement, the placing agent conditionally agreed to use their best efforts to procure not less than six placees (together with their respective ultimate beneficial owners, who will be independent third parties) to purchase up to a total of 15.495 million placing shares at a placing price of HK$15.22 per placing share. This placing price of HK$15.22 per placing share represents a discount of approximately 8.97% to the closing price of HK$16.72 per H share on the Stock Exchange of Hong Kong on July 11, 2025 (being the last trading day prior to the date of the placing agreement). Assuming all placing shares are successfully placed, the estimated net proceeds from the placing (after deducting all expenses, costs, and charges incurred by the company in relation to the placing, including commissions and levies) are expected to be approximately HK$2.31 billion. Therefore, after deducting such expenses, costs, and charges, the estimated net placing price is approximately HK$14.89 per placing share.