Momentum Financial Holdings Limited Announces Placing of New Shares to Raise HK\$20.5 Million

Key Points for Investors

• Share Placement: The Company will issue up to 104,274,000 new shares at HK\$0.20 per share under a General Mandate.
• Proceeds: Gross proceeds are expected to be approximately HK\$20.9 million, with net proceeds of around HK\$20.5 million after expenses.
• Placing Price Discount: The placing price represents a 20% discount to the closing price on the date of agreement and an 18.63% discount to the average closing price for the last five trading days.
• Use of Proceeds: Funds will be used for:
  • 73% (HK\$15 million): Cross-border e-commerce businesses
  • 15% (HK\$3 million): R&D and operational expenses for AI and Web3 e-wallet payment solutions
  • 12% (HK\$2.5 million): General working capital (payroll, rental, and other operating expenses)
• Shareholding Impact: The new shares will represent about 3.14% of the existing issued share capital and 3.04% of the enlarged capital base after placement.
• Placing Agent: Guoyuan Securities Brokerage (Hong Kong) Limited is acting as the agent on a best efforts basis.
• Placing Conditions: The transaction is subject to approval from the HKEX Listing Committee and other standard conditions. If not completed by noon on 18 June 2026, the deal will lapse.
• No Shareholder Approval Required: Issuance will proceed under the General Mandate, so no further shareholder approval is needed.
• No Recent Equity Fund Raising: The company has not conducted any other equity fund-raising activities in the past 12 months.

Details Investors Must Note (Potentially Price-Sensitive)

• Discounted Placing Price: The significant discount to market prices may impact share price in the short term, as it could be seen as dilutive.
• Expanded Capital Base: The enlarged share base may affect earnings per share, though proceeds are earmarked for growth initiatives.
• Strategic Use of Funds: Substantial allocation to cross-border e-commerce and R&D for AI/Web3 e-wallet solutions indicates the company’s commitment to expansion and innovation.
• Risk of Non-Completion: The placing is conditional and may not proceed if conditions precedent are not fulfilled or if market conditions deteriorate. Investors should monitor for completion updates.
• Shareholding Changes: Upon completion, the Placees (new investors) will own 3.04% of the Company. Major shareholders’ stakes will be slightly diluted, but no individual or group will become a substantial shareholder as a result.
• Termination Rights: The Placing Agent can terminate the agreement if there are material adverse changes or breaches, or if significant negative events occur affecting the company or market conditions.

Shareholding Structure Before and After Placement

Other Notable Points

• Board Composition: As of announcement, the board comprises two executive directors (Mr. Cao Wenbo, Mr. Li Zilun) and four independent non-executive directors.
• No Substantial Shareholder Change: No Placee will become a substantial shareholder as defined under HKEX Listing Rules.

Conclusion

The announcement signals the company’s intention to bolster its financial position and fund strategic initiatives in e-commerce and technology. However, the discounted placement price and potential dilution should be carefully considered by investors. The transaction, if successful, could support business expansion, though it also carries risks if market conditions change or if the placement fails to complete.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to exercise caution, as the proposed share placement may or may not proceed depending on fulfillment of various conditions. Please consult professional advisors before making investment decisions.

動力金融控股有限公司公佈以一般授權方式配售新股份，集資約2,050萬港元

投資者重點

• 配售新股：公司將以每股0.20港元配售最多104,274,000股新股，根據一般授權發行。
• 集資金額：扣除開支後，預計淨集資約2,050萬港元（總額約2,090萬港元）。
• 配售價折讓：配售價較協議當日收市價有20%折讓，較過去五日平均收市價折讓18.63%。
• 資金用途：所得款項將用於：
  • 73%（1,500萬港元）: 跨境電商業務
  • 15%（300萬港元）: AI及Web3電子錢包支付方案的研發及運營開支
  • 12%（250萬港元）: 一般營運資金，包括人工、租金等日常開支
• 股本影響：新股佔現有已發行股本約3.14%，配售後擴大股本約3.04%。
• 配售代理：國元證券經紀（香港）有限公司以盡力而為方式進行配售。
• 配售條件：須獲聯交所上市委員會批准及其他標準條件。如未能於2026年6月18日中午前完成，協議將會失效。
• 毋須股東批准：配售屬於一般授權範圍內，無需再經股東大會批准。
• 過去12個月無其他集資行動：公司於過去一年內並無其他股本集資活動。

股東需注意（或會影響股價）

• 配售價折讓：新股以顯著折讓配售，或會令短期內股價受壓及帶來攤薄效應。
• 擴大股本：配售後股本增加，或會影響每股盈利，但資金用於業務增長。
• 策略性用途：大部分資金投放於跨境電商及AI/Web3技術，反映公司積極發展新業務及創新。
• 配售未必成功：配售需達成多個先決條件，如市況轉壞或條件未達成，交易或不會進行。
• 股權變動：配售完成後，配售對象將持有3.04%股份，主要股東持股比例略為被稀釋，無配售對象會成為主要股東。
• 終止權：如出現重大不利變化或違約，配售代理有權終止協議。

配售前後主要股東結構

其他須知

• 董事會：現時有兩名執行董事（曹文博、李子倫）及四名獨立非執行董事。
• 主要股東地位不變：無配售新股對象會成為根據上市規則定義的主要股東。

總結

是次配售反映公司希望補充資金、推動電商及技術創新發展。惟配股折讓及潛在攤薄需投資者審慎考慮。配售如順利進行，有助業務拓展，但亦須留意配售未必完成的風險。

免責聲明： 本文只供參考，並不構成投資建議。配售能否順利完成存在不確定性，投資者應審慎行事，並諮詢專業人士。

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