ITC PROPERTIES (00199) proposes to issue approximately 16.67% of the subscription shares for 100.8 million shares, raising a net total of approximately 67.6 million Hong Kong dollars. Trading will resume on November 25th.

ITC PROPERTIES (00199) announced that the Company has entered into a subscription agreement with subscriber The Reynold Lemkins Group (Asia) Limited on November 24, 2025 (before trading hours). Under this agreement, the Company has agreed (pursuant to general mandate) to issue a total of 100.8 million subscription shares at HK$0.7 per subscription share, representing a discount of approximately 16.67% to the closing price of HK$0.84 per share on the last trading day on the Stock Exchange. The net proceeds from the subscription are approximately HK$68.76 million, intended to be used for strategically transforming and upgrading the Group's traditional real estate business through integration into the Web3 ecosystem; strategic projects and resources that are beneficial to the development of core business and optimization of capital structure; expanding strategic partnerships and regional market coverage; and general working capital. The Company has applied to the Stock Exchange for the resumption of trading in its shares from 9:00 am on November 25, 2025. It is understood that the ultimate beneficial owner of the subscriber is entrepreneur Mr. Liu Haoran.