MARKETINGFORCE (02556) plans to issue 9.8328 million subscription shares, raising a net proceeds of approximately HK$499.7 million.

MARKETINGFORCE (02556) announces that on September 17, 2026, the Company entered into a subscription agreement with the subscriber, pursuant to which the Company has conditionally agreed to allot and issue, and the subscriber has conditionally agreed to subscribe for, 9.8328 million shares at a subscription price of HK$50.85 per share. The subscription price of HK$50.85 per share represents: (i) an amount equal to the closing price of approximately HK$50.85 per share as shown in the daily quotation sheet of the Stock Exchange on September 17, 2026 (being the date of the subscription agreement); and (ii) a discount of approximately 2.89% to the average closing price of approximately HK$52.36 per share as shown in the daily quotation sheet of the Stock Exchange for the 5 trading days immediately preceding the date of the subscription agreement. The subscriber will subscribe for 9.8328 million shares, representing approximately (i) 3.67% of the number of issued shares of the Company (excluding treasury shares) as at the date of this announcement, and (ii) approximately 3.54% of the number of issued shares of the Company (excluding treasury shares) as enlarged by the allotment and issue of the subscription shares (assuming that, from the date of this announcement up to the completion of the subscription, there is no change in the total number of issued shares of the Company other than the allotment and issue of the subscription shares). The gross proceeds from the subscription will be approximately HK$500 million, and the net proceeds from the subscription (after deducting all applicable costs and expenses) will be approximately HK$499.7 million. After deducting all applicable costs and expenses, the net price per share of the subscription will be approximately HK$50.82. The Group plans to use 100% of the net proceeds from the subscription for the expansion and optimization of its full-stack Token factory, including: the construction of computing infrastructure domestically or overseas, such as self-building or leasing AIDC, procuring GPU servers and ancillary equipment, and networking of computing clusters; the development and deployment of various AI large models and model management platforms and other intelligent computing-related software for the Group's various AI applications; and the building of inference optimization capabilities, such as inference engine iteration, operator optimization, multi-model scheduling framework upgrades, and post-training of vertical models, aiming to reduce the unit Token cost, improve response efficiency, and further enhance the input-output ratio of AI applications. Based on its current estimates of future market conditions and business plans, the Group will prudently utilize the net proceeds from the subscription over the next 12 months, and expects to fully utilize the net proceeds from the subscription by the end of September 2027. If the relevant net proceeds are not immediately used for the purposes described above, the Group will deposit such net proceeds in short-term interest-bearing accounts with licensed commercial banks and/or other authorized financial institutions as defined under the Securities and Futures Ordinance. The expected timetable for the full utilization of the net proceeds is based on the Company's current best estimates of future market conditions and business operations, and may change due to future market developments and actual business needs.