Songjing Technology (01079) plans to discount about 9.09% and place up to 100 million new shares to raise about HK$29.41 million

According to Zhitong Finance App, Songjing Technology (01079) issued an announcement. On December 4, 2025, the company signed a placement agreement with the placement agent. According to this, the placement agent has agreed to place up to 100 million new shares to independent undertakers at a price of HK$0.30 per share on a wholehearted basis.

HK$0.30 per placement share. The closing price of HK$0.330 per share was discounted by approximately 9.09% as quoted on December 4, 2025.

The maximum number of shares to be placed is 100 million shares, which is equivalent to approximately 7.54% of the total issued share capital of the Company of 1,327 billion shares as of the date of this announcement, and approximately 7.01% of the Company's total issued share capital as a result of the expansion of the placement. The net proceeds from the placement of approximately HK$29.41 million (assuming that all of the placed shares are fully placed and after deducting all related expenses) will be used as the Group's general working capital.