Jiami Technology (08198) plans to discount about 10.71% and place up to 666.67 million shares to raise about HK$97 million

According to the Zhitong Finance App, Jiami Technology (08198) announced that on July 31, 2026, the company plans to place a maximum of 666.67 million shares placed, which is equivalent to about 9.29% of the total number of shares issued at the date of this announcement; and about 8.50% of the total number of issued shares after all allotments and the expansion of the placed shares. The placement price was HK$1.50 per share, a discount of approximately 10.71% from the closing price of HK$1.68 per share on July 31. After completion, it is anticipated that the maximum amount of proceeds from the placement transaction and the maximum net proceeds will be approximately HK$100 million and approximately HK$97 million respectively. The company plans to use the net proceeds from the placement as follows: (i) expanding the Group's big data center business into the field of artificial intelligence-related facilities; (ii) developing computing power services; (iii) research and development; and (iv) general working capital.