Pinestone Capital clarifies HK$5.22 placing price carries 38.32% premium to 5-day average

• Pinestone Capital issued a supplemental clarification on its share placing, detailing use of proceeds for a planned “AI + virtual asset” pivot.
• Net proceeds of about HK$24.2 million earmarked for VASP licensing and AI expansion; another HK$6 million set aside for general working capital.
• VASP allocation totals HK$10.2 million, including HK$5 million reserved as statutory liquid capital under SFC Financial Resources Rules.
• Clarified HK$5.1 million of unutilized rights-issue proceeds funds ongoing “VA Uplift” operating costs, not new VASP capital buffers.
• Placing price fixed at HK$5.22, a 38.32% premium to the prior five-day average closing price of HK$3.77.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pinestone Capital Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260824-12295743), on August 24, 2026, and is solely responsible for the information contained therein.