CLOUDBREAK-B (02592) intends to issue subscription shares to Abraham Dominguez Cinta.

CLOUDBREAK-B (02592) announced that on June 18, 2026 (after trading hours), the company entered into a subscription agreement with investor ARC Group International Limited. Under the agreement, the company has the right (subject to the terms of the subscription agreement) to issue and allot shares to the investor from time to time, and the investor is required to subscribe for up to a maximum of US$15 million (equivalent to approximately HK$117 million) worth of shares. ARC Group International Limited is a limited liability company registered in Hong Kong and is a direct wholly-owned subsidiary of ARC Group Limited. ARC Group Limited is a global financial services and advisory company rooted in Asia, with over a decade of outstanding performance in investment banking, asset management, wealth management, and management consulting. The ultimate beneficial owner of the investor is Mr. Abraham Dominguez Cinta. The directors believe that the subscription will help strengthen the financial position of the company by reducing its liabilities, providing additional operating capital for future development and obligations, and expanding its shareholder base. The company has explored various fundraising options and considers the subscription as the most appropriate and efficient financing choice to further support the continuous development and business growth of the group. The directors believe that the terms of the subscription agreement are based on market conditions and current practices, and were negotiated between the company and the investor on fair and commercial terms. The terms of the agreement, including the subscription price and commitment fee, are considered fair and reasonable, and are in the overall interest of the company and its shareholders.