I.CENTURY HLDG (08507) plans to carry out a rights issue on a basis of "1 offer for 1 share", netting approximately HKD 39.6 million.

I.CENTURY HLDG (08507) announces that the board of directors recommends (including) a rights issue of 1 rights share for every 1 share held as at the record date at a subscription price of HK$0.10 per rights share. The rights issue will involve offering up to a maximum of 400 million rights shares to eligible shareholders to raise a total amount of approximately HK$40 million (assuming no further issuance or repurchase of shares before or on the record date). Assuming full subscription, after deducting all necessary expenses, the net proceeds from the rights issue are estimated to be approximately HK$39.6 million, intended for the following purposes: (i) approximately HK$23.6 million will be allocated for the group's general operational expenses, including director's fees, employee salaries and benefits (including but not limited to salaries, bonuses, allowances, retirement benefit plan contributions), rent and property management fees, professional service fees, and other business and corporate expenses; (ii) approximately HK$6 million will be used to repay certain loans of the group; (iii) approximately HK$10 million will be used to enhance the group's existing supply chain management (SCM) services through process and operational optimization, with the aim of strengthening the group's capabilities in product development, procurement, production management, quality control, and logistics management. These enhancement measures will utilize artificial intelligence, integrate Internet of Things (IoT) technology for real-time inventory tracking, and apply intelligent algorithm-driven route optimization to support more accurate decision-making and dynamic responsiveness, thus improving supply chain transparency and shortening response times.