TRANSTECH (09963) plans to discount approximately 11.85% of the allotment, with a maximum of 52 million shares, raising approximately HK$244 million net.

TRANSTECH (09963) announced that on December 17, 2025, the company entered into a placing agreement with joint placing agents. According to the agreement, the company conditionally agreed to place up to 52 million shares at a placing price of HK$0.476 per share to no fewer than 6 placees (who, together with their ultimate beneficial owners, must be independent third parties) on a best efforts basis by the joint placing agents. The placing shares represent approximately 20.00% of the total issued shares as of the announcement date, and approximately 16.67% of the total issued shares assuming no change in the total number of issued shares from the announcement date to the completion of the placing (excluding the placing shares issued by the company). The placing price represents a discount of approximately 11.85% to the closing price of HK$0.54 per share on the Stock Exchange of Hong Kong on December 17, 2025. Assuming all placing shares are successfully placed, the expected gross proceeds from the placing are approximately HK$24.8 million, and the expected net proceeds (after deducting placing commission and other placing expenses) are approximately HK$24.4 million. Based on this calculation, the net price per placing share is expected to be approximately HK$0.469. The company plans to use (i) 32.8% of the net proceeds for repayment of bank and other borrowings, and (ii) 67.2% of the net proceeds for general working capital.