China Technology Group (01725) plans to issue a total of up to about 251 million new shares to raise a maximum net of HK$138 million

According to Zhitong Finance App, China Technology Group (01725) announced that on December 5, 2025 (after the trading period), the company entered into a subscription agreement with the subscribers (Ms. Zhong Li and Mr. Tse Changlun) to issue approximately 161 million subscribed shares, HK$0.560 per share, a discount of about 20.00% from the closing price of HK$0.700 per share reported on the Stock Exchange on the last trading day. In addition, the company plans to place up to 90 million shares to be placed through placement agents, at HK$0.560 per share.

Assuming that all placed shares are successfully placed, the maximum net proceeds from the subscription and placement transactions will be approximately HK$138 million, 65.31% will be used to repay shareholders' loans; and 34.69% will be used as the Group's general working capital, including but not limited to the company's ongoing administrative expenses such as salary, rent, professional expenses and office expenses.