RUIHE DATA (03680) announced that after the trading session on July 30, 2026, the company entered into a placing agreement with a placing agent. Under this agreement, the company conditionally agreed to appoint the placing agent to place up to 44.96 million placing shares on a best-effort basis to no fewer than six placees, all of whom and their ultimate beneficial owners are independent third parties. The placing price per share is set at HK$2.030.
The maximum number of placing shares represents approximately 5.00% of the company's existing issued share capital as of the date of this announcement, and approximately 4.76% of the company's issued share capital after the expansion from the placing shares. The placing price of HK$2.030 per share represents a discount of approximately 10.96% compared to the closing price of HK$2.280 per share quoted on the Stock Exchange on the last trading day.
Assuming the placing shares are fully placed, the total gross proceeds from the placement, according to the placing agreement, will be approximately HK$91.27 million. The net proceeds from the placement (after deducting placing fees and other related expenses) are expected to be approximately HK$90.76 million. The intended uses of these net proceeds are as follows: 75% for repaying the group's borrowings; 15% for the company's general working capital to support the group's business operations; and the remaining 10% for strategic investments.
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