REALORD TECH (01196) proposes top-up placing of 952 million placing shares

REALORD TECH (01196) announces that on October 30, 2026, the Company, the Vendor and the Placing Agent entered into a Placing and Subscription Agreement, pursuant to which the Vendor has conditionally agreed to sell, and the Placing Agent has conditionally agreed, as agent of the Vendor, to procure on a fully underwritten basis independent placees to purchase 952 million placing shares at the placing price of HK$0.21 per placing share; and the Vendor has conditionally agreed to subscribe for, and the Company has conditionally agreed to allot and issue to the Vendor, the top-up subscription shares under the General Mandate at the top-up subscription price equal to the placing price (and the number of such top-up subscription shares shall be the same as the number of placing shares placed by the Placing Agent under the Placing and Subscription Agreement). The placing shares or top-up subscription shares represent approximately 16.51% of the issued share capital of the Company as at the date of this announcement; and approximately 14.17% of the issued share capital of the Company as enlarged by the allotment and issue of the top-up subscription shares (assuming no change in the issued share capital of the Company from the date of this announcement up to the completion of the top-up subscription, other than the allotment and issue of the top-up subscription shares). The gross proceeds from the top-up subscription are expected to be approximately HK$200 million. After deducting placing commissions and other fees, costs and expenses, the net proceeds from the top-up subscription are estimated to be approximately HK$197 million. The estimated net top-up subscription price is approximately HK$0.207 per top-up subscription share.