Maiyue Technology Limited Announces HK\$97 Million Share Placement Under General Mandate
Hong Kong, 26 July 2026 – Maiyue Technology Limited (Stock Code: 2501), a Cayman Islands-incorporated company listed on the Main Board of the Stock Exchange of Hong Kong, has announced a significant equity fundraising initiative. The company has entered into a placing agreement with Sunfund Securities Limited to issue up to 100,000,000 new shares under its existing general mandate, raising gross proceeds of up to HK\$97 million.
Key Points of the Share Placement
- Placing Structure: Up to 100,000,000 new shares (“Placing Shares”) will be placed at HK\$0.97 per share, representing a discount of approximately 19.17% to the last closing price of HK\$1.20 and about 17.24% to the five-day average closing price of HK\$1.17.
- Fundraising Size: Maximum gross proceeds of HK\$97 million, and estimated net proceeds of about HK\$96 million (net placing price approximately HK\$0.96 per share) after a 1% commission to the placing agent.
- Placing Agent: Sunfund Securities Limited, acting on a best-efforts basis.
- Placing Shares Proportion: The 100 million new shares represent 20% of the current issued share capital (500 million shares) and about 16.7% of the enlarged capital base (600 million shares) post-placement.
- Recipients: At least six independent institutional, professional, or individual investors, none of whom will become substantial shareholders as a result of the placement.
- Ranking: Placing Shares will rank pari passu with all existing shares.
- General Mandate: Placement is executed under the general mandate approved at the AGM on 4 June 2026, meaning no further shareholder approval is required.
- Use of Proceeds:
- Approximately HK\$50 million (52.08%) for R&D of new IT products and solutions, including design, software development, system integration, testing, deployment, and related staff costs.
- Approximately HK\$16 million (16.67%) for general working capital, covering staff costs, rent, administration, and other operating expenses (excluding trade payables).
- Approximately HK\$30 million (31.25%) for settling existing and upcoming trade payables, mainly for procurement of hardware, software, and related services.
- Shareholding Impact: Post-placement, Deep Blue Ocean Electronics Technology Limited (the controlling shareholder) will see its stake diluted from 61.2% to 51%, while placees will hold 16.67% of the enlarged share capital.
- Conditions & Risks: The placement is subject to certain conditions, including Stock Exchange approval for listing and all necessary consents. The placing agent may terminate the agreement under various force majeure or material adverse conditions, including significant market disruptions, regulatory changes, or material litigation.
- No Recent Equity Fundraising: The company has not conducted any equity fundraising in the past twelve months.
Important Information for Shareholders
- Potential Share Price Impact: The placement price is at a material discount to recent trading prices, which could exert downward pressure on the share price in the short term.
- Dilution: Existing shareholders will see a dilution of their holdings by up to 16.7% post-placement.
- Strategic Use of Funds: The proceeds are earmarked to support R&D and operational liquidity, which could enhance the company’s long-term competitiveness and financial stability.
- Execution Risk: The placement may not proceed if conditions are not met, or if the placing agent exercises its right to terminate under adverse events.
- No Shareholder Vote Required: As the placement is conducted under the general mandate, no additional approval from shareholders is needed.
Conclusion
This equity fundraising is a significant event for Maiyue Technology Limited, offering both opportunities and risks. The additional capital could strengthen the company’s R&D capabilities and balance sheet, but the discounted placement and dilution may affect share value in the immediate term. Shareholders and potential investors are advised to exercise caution in trading the company’s shares until the placement is completed.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult professional advisors before making investment decisions. The placement is subject to conditions and may not proceed as planned. Shareholders are reminded that the company’s share price may be volatile as a result of the placement and other market factors.
【繁體廣東話版本】
邁越科技有限公司宣佈根據一般授權以9,700萬港元配售新股
香港，2026年7月26日 — 邁越科技有限公司（股份代號：2501），一間於開曼群島註冊並於香港聯交所主板上市的公司，宣佈將進行重要的股權融資。公司已與尚融證券有限公司訂立配售協議，根據現有一般授權發行最多1億股新股，集資總額高達9,700萬港元。
配售重點
- 配售規模：最多1億股新股份，每股配售價為0.97港元，較最後收市價1.20港元折讓約19.17%，較過去五日平均收市價1.17港元折讓約17.24%。
- 集資金額：最多集資9,700萬港元，扣除1%配售佣金後，淨集資約9,600萬港元，每股淨配售價約0.96港元。
- 配售代理：尚融證券有限公司，以盡力基礎進行配售。
- 新股比例：1億新股佔現有已發行股本（5億股）20%，及配售完成後擴大股本（6億股）約16.7%。
- 配售對象：不少於六名獨立機構、專業或個人投資者，配售完成後無任何一名配售對象成為公司主要股東。
- 股份排名：新股將與現有股份享有同等權利。
- 一般授權：配售在2026年6月4日股東週年大會上通過的一般授權下進行，毋須額外股東批准。
- 配售所得用途：
- 約5,000萬港元（52.08%）用於現有IT解決方案業務的新產品及方案研發，包括產品設計、軟件開發、系統整合、測試、試行及部署、相關人員及技術服務成本。
- 約1,600萬港元（16.67%）用作集團一般營運資金，包括員工薪酬、租金、行政及其他經營開支（不包括貿易應付款）。
- 約3,000萬港元（31.25%）用於清償現有及即將到期的貿易應付款，主要涉及硬件、軟件及相關產品或服務的採購。
- 股權影響：配售完成後，控股股東深藍海電子科技有限公司持股由61.2%降至51%，配售對象將持有擴大後股本的16.67%。
- 條件及風險：配售須取得聯交所批准及其他必要同意，如發生重大不利事件，配售代理可終止協議。
- 過去12個月無其他股權集資活動。
股東須知的重要事項
- 潛在股價影響：配售價較現價有顯著折讓，短期內或對股價造成壓力。
- 攤薄效應：配售完成後，現有股東持股將被攤薄最多達16.7%。
- 資金用途明確：資金將加強公司研發及流動性，有利長遠競爭力及財務穩定。
- 執行風險：如未能達成條件或出現不利情況，配售或不會完成。
- 毋須股東投票：配售按一般授權進行，無需額外股東批准。
總結
是次配售對邁越科技來說屬重大事項，有助改善財務狀況及研發能力，惟短期內股份攤薄及折讓配售或影響股價。建議股東及投資者在配售完成前審慎考慮買賣集團股份。
免責聲明：本文僅供資訊參考，並不構成任何投資建議。投資者應自行研究及諮詢專業意見，配售或有條件未能完成，股份價格或因本次配售及其他市場因素波動。
