gamdomcrash| Mandi Technology shares plans to issue up to 300 million placing shares with a net raise of HK$29.4 million

Mandi Technology Co., Ltd.(01400) issued an announcementgamdomcrashOn May 20, 2024, the company entered into a placing agreement with the placing agent, and the company appointed the placing agent as its agent to do its best to comply with the placing agreement.gamdomcrashand subject to its conditions, procure not less than six placees to pay 0 per placing sharegamdomcrash. 10 Hong Kong dollars to subscribe for up to 300 million placing shares. The placing shares will be allotted and issued in accordance with general mandate.

The placed shares accounted for approximately 7% of the enlarged issued share capitalgamdomcrash.69%, the price of HK$0.10 per placing share is equivalent to the closing price of HK$0.10 per share on May 20, 2024.

The net proceeds from the placing are expected to be approximately HK$29.4 million. The company intends to allocate the net proceeds from the placement as general working capital of the group.