KNT HOLDINGS (01025) plans to place a maximum of 37.835 million placement shares, netting approximately 7.25 million Hong Kong dollars.

KNT HOLDINGS (01025) announced that on September 1, 2026, the company entered into a placement agreement with the placement agent, pursuant to which the company conditionally agreed to use its best efforts to place up to 37.8735 million shares at a placing price of HKD 0.20 per share to no fewer than six placees (who and their respective ultimate beneficial owners are independent third parties and not connected persons of the company and its associates). The placement shares will be issued and allotted under the general mandate and represent all unutilized portions of the general mandate as of the date of this announcement. The maximum number of 37.8735 million placement shares under the placement represents (i) 8.47% of the existing issued share capital of 447 million shares as of the date of this announcement; and (ii) approximately 7.81% of the enlarged issued share capital of 485 million shares following the placement (assuming no other changes in the issued share capital prior to completion). The total nominal value of the maximum number of placement shares will be HKD 7,574,700. The placing price of the placement shares is HKD 0.20 per share, which represents a premium of approximately 0.50% over (i) the closing price of HKD 0.200 per share as quoted on the Stock Exchange on the date of the placement agreement; and (ii) the average closing price of approximately HKD 0.199 per share for the five consecutive trading days immediately preceding the date of the placement agreement. The expected maximum total proceeds from the placement will be approximately HKD 7.57 million, while the estimated net proceeds from the placement (after deducting the commission payable to the placement agent, professional fees and other related expenses and costs incurred in the placement) will be approximately HKD 7.25 million, equivalent to a net price of approximately HKD 0.191 per placement share. The company intends to use the net proceeds from the placement as general working capital of the group.