Modern Innovative Digital Technology to place new shares at discount

Modern Innovative Digital Technology Company Limited (HKEX:2322) has entered a placing agreement to issue up to 300,000,000 new shares at HK$0.1 per placing share. This represents a 16.67% discount to the closing price and a 17.49% discount to the five-day average closing price on the Stock Exchange as of November 17, 2025. The placing is expected to raise gross proceeds of approximately HK$30,000,000, with net proceeds of about HK$29,300,000, which the directors intend to use for general working capital.

The placing shares will be allotted under the general mandate, with 300,000,000 placing shares representing 7.28% of the existing issued share capital and 6.79% of the enlarged share capital. The placing agents, ChaoShang Securities, Cheong Lee Securities, and Ruisen Port Securities, will procure at least six independent third-party placees on a best-effort basis.

The completion of the placing is conditional on approval from the Listing Committee of the Stock Exchange. Shareholders and potential investors are advised to exercise caution, as the placing is subject to conditions and may not proceed.