SMART-CORE(02166) plans to discount about 15.01% to allocate up to 97.7362 million shares, raising approximately HK$291 million net.

SMART-CORE (02166) announced that on June 22, 2026 (after trading hours on the Stock Exchange), the company entered into a placing agreement with the placing agent. According to this agreement, the placing agent agreed to act as the company's agent to use best efforts to procure not less than six placees (placees and their ultimate beneficial owners must be independent third parties) to subscribe for up to a maximum of 97.7362 million shares of placing shares at a placing price of HK$3.00 per share. Assuming that there is no change in the company's issued share capital from the date of this announcement to the completion date, the maximum of 97.7362 million placing shares would represent approximately 20.00% of the company's existing issued share capital as at the date of this announcement, and approximately 16.67% of the enlarged issued share capital of the company after the issue and placing of all placing shares. The placing price of HK$3.00 per share represents a discount of approximately 15.01% compared to the closing market price per share of HK$3.53 on the Stock Exchange on June 22, 2026 (the placing agreement date). The placing shares will be issued and allotted under the general mandate and no further approval from the shareholders is required. The company will apply to the Stock Exchange for the approval of the listing and trading of the placing shares. If all placing shares are fully placed, the total proceeds from the placing exercise are estimated to be approximately HK$293 million. After deducting all associated expenses, the estimated net proceeds from the placing exercise are approximately HK$291 million. The company intends to use the net proceeds from the placing exercise for expanding its memory and optoelectronic products business.