Virtual Mind targets AI platform buildout with HK$5 million from share placing proceeds

• Virtual Mind completed a placement that raised net proceeds of about HK$50.55 million to fund new platform and IP expansion plans.
• HK$5 million earmarked for initial development of a basic platform with artificial intelligence capabilities, including hiring engineers and building core infrastructure.
• HK$10 million allocated to expand Manchester United sports IP business, including apparel customization and e-commerce channel buildout.
• HK$5 million set aside for a Greater Bay Area Hunanese football IP project, including an equity investment and related product development.
• HK$4 million planned for a Saudi industrial IP showcase project; HK$23.55 million reserved for general working capital.

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. Virtual Mind Holding Company 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-20260828-12304663), on August 28, 2026, and is solely responsible for the information contained therein.