DATA UNION CAP (08375) plans to discount approximately 19.51% for the sale of up to 57.6 million shares, raising a net amount of approximately 55.784 million Hong Kong dollars.

DATA UNION CAP (08375) announces that on December 29, 2025, the company has entered into a placement agreement with the placing agent. Pursuant to this agreement, the placing agent has conditionally agreed to use its best efforts to facilitate the placement of up to 57.6 million shares to not fewer than six placees at a placement price of HK$0.99 per share. The placement is subject to approval by the Listing Committee for the listing and trading of the placed shares. Assuming no changes in the issued share capital of the company from the date of this announcement until the completion of the placement, the maximum of 57.6 million placement shares represents approximately 20.00% of the companys issued share capital as at the date of this announcement; and after the placement, it will represent approximately 16.67% of the companys enlarged issued share capital. The placement price of HK$0.99 per share represents a discount of approximately 19.51% to the closing market price of HK$1.23 per share on the Stock Exchange of Hong Kong on December 29, 2025. Assuming full placement of the shares, the expected total proceeds from the placement are estimated to be HK$57.024 million, while the net proceeds (after deducting all applicable costs and expenses, including placement commissions and fees) are expected to be approximately HK$55.784 million, translating to a net price per share of approximately HK$0.968. The company intends to use the net proceeds from the placement for the following purposes: approximately 30% for the development of the group's electronic components trading business, including hiring new employees, developing marketing plans, expanding product portfolio and sales network; approximately 30% for the development of the group's Software as a Service (SaaS) solutions and innovative digital products business, including hiring new employees, developing marketing plans, and expanding sales network; approximately 30% for the technical upgrades and research and development of the Pilot Algorithm System (PAS); and the remainder for general working capital purposes of the group.