Completion of 138 Million Placement Shares by TIME INTERCON (01729)

Stock News05-19

TIME INTERCON (01729) has announced that all conditions under the placement agreement have been satisfied. The placement was successfully completed on May 19, 2026, in accordance with the terms and conditions of the agreement. A total of 138 million placement shares, representing approximately 6.60% of the company's existing issued share capital immediately prior to the completion and about 6.19% of the enlarged issued share capital following the allotment and issue of the placement shares, have been successfully placed to no fewer than six placees. The placement price was set at HKD 21.00 per share. The net proceeds from the placement amount to approximately HKD 2.885 billion.

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