Hong Kong-listed Company to Raise Approximately HKD 99.72 Million through Rights Issue to Expand International Commercial Digital Technology Business, with Approximately 20.06% of the Funds Allocated to Deploy Virtual Asset Service Business

November 20th. As per ChainNews, the Hong Kong-listed company International Business Digital Technology (01782.HK) declared that on November 20, 2025, the company plans to sell up to 28 million shares of its own through a placement agent at a price of HK$3.60 per share. This represents a discount of around 8.86% compared to the closing price of HK$3.95 per share reported by the Exchange on the date of the placement agreement. The maximum anticipated net proceeds from the placement amount to HK$99.72 million. Approximately 65.18% will be allocated to develop three new technologies, which are expected to enable the company to offer innovative products and services to customers in the APM business unit. Full utilization is expected by December 31, 2027. Approximately 20.06% will be used to assist the company in deploying the virtual asset service business in overseas markets in a timely and orderly manner after obtaining the necessary regulatory approvals. When expansion opportunities arise, full utilization is expected by December 31, 2027. Approximately 14.76% will be utilized for the group's general working capital, with full utilization expected by December 31, 2027.