According to Zhitong Finance App News, China Frontier Technology Group (01661) issued an announcement. The Company proposes to provide shares at a subscription price of HK$1.05 per share, and raise up to HK$199.8 million by issuing 190 million shares to eligible shareholders (assuming there is no change in the number of shares issued from the date of this announcement to the record date). The stock offering will not be presented to ineligible shareholders (if any).

The estimated net proceeds from the share offering (if fully subscribed) will be approximately HK$197 million (assuming no change in the number of shares issued from the date of this announcement to the record date).

The subscription price was discounted by approximately 27.8% from the closing price of HK$1.455 per share as reported on the Stock Exchange on the last trading day.

As of the date of this announcement, the issued shares were traded on the Stock Exchange with 6,000 shares per trading unit. The Board of Directors hereby announces that with effect from 9:00 a.m. on December 11, 2026 (Friday), the trading unit for each lot of shares traded on the Stock Exchange will be changed from 6,000 shares to 2,000 shares.

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