Marketingforce (02556): Intends to receive HK$500 million strategic subscription to strengthen the foundation of "Full Stack Token Factory" computational power.

On May 15, MARKETINGFORCE (02556) announced that the company has entered into two separate subscription agreements with two subscribers. According to the agreements, the company conditionally agreed to issue and issue new shares in total of 12,333,400 shares, with a subscription price of HK$40.54 per share. The announcement stated that the total amount raised from this subscription is approximately HK$500.0 million, with a net amount of approximately HK$499.7 million. After deducting all applicable costs and expenses, the net price per share of the subscription is approximately HK$40.51. The subscription price of HK$40.54 per share is equivalent to the closing price per share on the Stock Exchange on May 15, 2026, the date of the subscription agreement; representing a discount of approximately 1.28% compared to the average closing price per share of approximately HK$41.06 in the five trading days prior to the subscription agreement date. The subscription price was determined by the company and the subscribers based on the current market conditions, prevailing market prices, and share liquidity, in accordance with the principle of fairness. The purpose of this subscription is to introduce strategic partners in the field of artificial intelligence, further ensuring the stability and priority of the group's computing power supply chain. The announcement stated that the two subscribers will subscribe to a total of 12,333,400 shares, equivalent to approximately 4.83% of the company's existing issued share capital as of the announcement date, excluding treasury shares; and approximately 4.61% of the enlarged issued share capital after the subscription shares are issued and issued. Assuming that there is no change in the company's issued share capital other than the subscription shares issued and issued from the announcement date to the completion of the subscription. Regarding the use of proceeds, the announcement stated that 100% of the net proceeds from the subscription will be used for investment in the construction and operation of artificial intelligence infrastructure, including but not limited to the purchase of GPU servers, networking, AIDC leasing, development and deployment of various AI large models, and AI-related software. These arrangements are designed to strengthen the group's "full-stack Token Factory" strategy, mainly to meet the computing power needs of customer AI applications, improve the efficiency of the group's proprietary vertical model training, and further integrate the "computing power + scenarios" business loop. The announcement further stated that based on the current estimates of future market conditions and business plans, the group will implement the above by the end of 2026. If the net proceeds are not immediately used for the above purposes, the group will deposit the net proceeds into a short-term interest-bearing account of a licensed commercial bank and/or other recognized financial institutions as defined by the Securities and Futures Ordinance. MARKETINGFORCE stated in the announcement that the subscription will help the company seize the historical opportunity of the AI application explosion, accelerate commercialization, optimize capital structure, and expand shareholder base. The directors believe that the terms of the subscription are fair and reasonable, conducted on ordinary commercial terms, and are in the overall interest of the company and shareholders.