TRANSTECH (09963) plans to discount approximately 8.50% for the placement of up to 40 million shares, netting about HK$279 million.

TRANSTECH (09963) announced that on August 14, 2026 (after trading hours), the company entered into a placement agreement with the joint placing agents, under which the company conditionally agrees to place up to 40 million placement shares at a placing price of HK$7.00 per share to no less than six placees (each of whom and their beneficial owners must be independent third parties) on a best-efforts basis. The placement shares represent approximately 11.5% of the total issued shares as of the date of this announcement, and approximately 10.3% of the total issued shares after completion of the placement (assuming that during the period from the date of this announcement until completion of the placement, the total issued shares remain unchanged except for the placement shares issued by the company). The placing price represents a discount of approximately 8.50% to the closing price of HK$7.65 per share as quoted on the Stock Exchange on the date of the placement agreement. Assuming all placement shares are fully placed, the total funds expected to be raised from the placement are approximately HK$280 million, and the net proceeds (after deducting all applicable costs and expenses, including placing commissions and levies) are expected to be approximately HK$279 million. Based on this calculation, the net price per placement share is expected to be approximately HK$6.98.