Foton Co., Ltd. (08196) plans to discount about 9.09% of the allotment of shares to raise about HK$5.26 million

According to the Zhitong Finance App, Futian Co., Ltd. (08196) issued an announcement. On December 10, 2025, the company signed a placement agreement with the placement agent. The company appointed the placement agent as its agent. According to the terms and conditions of the placement agreement, no less than six undertakers were prompted to subscribe for up to 9.105 million shares at the placement price of HK$0.60 per share. Placed shares will be distributed and issued in accordance with the new general mandate.

The placement price of HK$0.60 per share was discounted by approximately 9.09% compared to the closing price of HK$0.660 per share reported on the Stock Exchange on the date of the placement agreement. 9.105 million placed shares are equivalent to approximately 16.67% of the company's issued share capital expanded by allocating and issuing placed shares.

Assuming that all of the placed shares are fully placed, the maximum total amount of proceeds from the placement will be approximately HK$5.46 million. The net proceeds from the placement are expected to be approximately HK$5.26 million. The Company intends to use the net proceeds for the Group's general working capital and business development.