CIPRUN TECH (01020) plans to offer a discount of approximately 18.75% to sell up to 40 million shares, raising approximately HKD 102 million.

CIPRUN TECH (01020) announces that on March 13, 2026 (after trading hours), the placement agent has entered into a placement agreement with the company. According to this agreement, the placement agent conditionally agrees to act as the company's placement agent and to use its best efforts to promote the placement of up to 40 million shares at a placement price of HK$0.26 per share to no fewer than 6 placees (all of whom and their ultimate beneficial owners are independent third parties). Assuming that there will be no changes in the issued share capital of the company from the date of this announcement until completion, the maximum number of shares to be placed under the placement of 40 million shares represents approximately (i) 0.75% of the company's existing issued share capital of 5.351 billion shares on the date of this announcement; and (ii) approximately 0.74% of the enlarged issued share capital of the company after the placement. The total nominal value of the shares to be placed under the placement will be HK$4 million. The placement price of HK$0.26 per share represents a discount of approximately 18.75% to the closing price of HK$0.320 per share on the last trading day, March 13, 2026. If all the placed shares are fully subscribed, it is estimated that the net proceeds from the placement (after deducting placement commission and other expenses) will be approximately HK$10.2 million, with a net placement price of approximately HK$0.255 per share. The directors intend to use the entire net proceeds as general working capital for the group to meet its ongoing development and operational needs.