GOFIN TECH QUANT (00290.HK): Placing of 218.75 Million Existing Shares Completed, Top-up Subscription of New Shares Terminated

NewTimeSpace News: On 17 August 2026, GoFintech Quantum Innovation Limited (stock code: 00290) announced that, in accordance with the terms and conditions of the placing and subscription agreement, the placing was completed on 4 August 2026, with an aggregate of 218,750,000 placing shares beneficially owned by the vendor successfully placed by the placing agent on a best efforts basis at a placing price of HKD 1.60 per placing share to not less than six placees. To the best of the directors' knowledge after making all reasonable enquiries, the placees and their ultimate beneficial owners are independent third parties, and no placee has become a substantial shareholder of the company immediately after completion of the placing.

As of the date of this announcement, under Part XV of the Securities and Futures Ordinance, Dr. Liu Zhiwei is deemed to be interested in 2,554,115,440 shares, representing approximately 24.78% of the total issued shares, and remains the company's single largest shareholder and a substantial shareholder (as defined in the Listing Rules).

In respect of the top-up subscription of new shares, the conditions precedent to the top-up subscription were not satisfied upon expiry of the 14th day after the date of the placing and subscription agreement. After careful consideration of the current market conditions, the unsatisfied conditions precedent, and the group's business development and capital planning, the board has decided not to proceed with the top-up subscription at this stage. The company will continue to closely monitor capital market conditions and reassess and consider suitable fund-raising activities at appropriate times.

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