ITC Neocloud Plans to Raise Up to HK$ 50 Million in Private Share Placement

• ITC Neocloud Group agreed on October 30, 2026, to privately place up to 76,923,076 new shares.
• The placement price of HK$ 0.65 per share would raise gross proceeds of approximately HK$ 50 million.
• Pricing represents an 11.1% premium to the closing share price; the new shares would represent 6.6% of enlarged share capital.
• All estimated net proceeds of HK$ 49.1 million are earmarked for general working capital.
• Completion is conditional on listing approval by November 20, 2026, unless extended by agreement.

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. ITC Neocloud Group 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-20261101-12391731), on November 01, 2026, and is solely responsible for the information contained therein.