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

• Pinestone Capital issued a supplemental clarification on its placing, detailing use of proceeds for virtual asset licensing and AI expansion.
• Net proceeds of about HK$24.2 million earmarked for an SFC virtual asset license application and AI implementation through 2027.
• Virtual asset license application budget set at HK$10.2 million, including HK$5 million reserved to meet statutory liquid capital requirements.
• AI implementation budget set at HK$14 million, with most development to be delivered by external technology vendors and systems integrators.
• Placing price of HK$5.22 clarified as 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-20260821-12294946), on August 21, 2026, and is solely responsible for the information contained therein.