SYNERTONE (01613) announced that on March 5, 2026, the company entered into a placement agreement with a placing agent. Under the agreement, the company will issue up to 10 billion new shares at a price of HK$0.108 per share to no fewer than six placees, on a best-efforts basis. The shares will be allotted and issued under specific authority. As of the announcement date, the company had 536 million issued shares. Assuming no change in the total issued share capital from the announcement date to completion, and if all 10 billion placement shares are successfully issued, these shares will represent approximately 186.61% of the existing issued share capital and about 65.11% of the enlarged share capital post-completion. The placement price of HK$0.108 per share represents a discount of approximately 20.0% to the closing price of HK$0.135 per share on the date of the placement agreement. If all placement shares are issued, the gross proceeds will be about HK$108 million. After deducting estimated expenses, the net proceeds are expected to be approximately HK$107 million. The company intends to allocate the net proceeds as follows: approximately 83.8% (or about HK$89.3 million) will be used to fund the expansion of its building intelligence business, and approximately 16.2% (or about HK$17.3 million) will be allocated for general working capital and corporate purposes.