INFINITIES TECH (01961) plans to sell up to 1.47 billion shares with an expected premium of around 14.75%, raising approximately HK$50.8 million net.

INFINITIES TECH(01961) announced on March 4, 2026 (after trading hours) that it has entered into a placing agreement with a placing agent. According to this agreement, the placing agent has conditionally agreed to use its best efforts to procure not less than six placees to subscribe for up to 147 million shares of the Company at a placing price of HK$0.35 per share. The placing shares will be allotted and issued under the general mandate for the issuance and allotment of shares. Assuming there are no changes to the Company's issued share capital from the date of this announcement to the completion of the placing, the maximum 147 million placing shares under the placing represents approximately (i) around 20% of the Company's issued share capital as at the date of this announcement; and (ii) around 16.67% of the Company's issued share capital after the issuance and allotment of the placing shares. The placing price of HK$0.35 per share represents a premium of approximately 14.75% over the closing market price of HK$0.305 per share on the Stock Exchange of Hong Kong on March 4, 2026. Assuming full subscription for the placing shares, the total and net proceeds of the placing are expected to be approximately HK$51.4 million and HK$50.8 million respectively, equivalent to a net issue price of approximately HK$0.3459 per placing share. The Company intends to use the net proceeds for (i) the business operations and general working capital of the Group; (ii) further development of game products and artificial intelligence products; and (iii) strengthening and diversifying the gaming segment of the Group while enhancing traffic on advertising platforms.