MOMENTUM FIN (01152) announced that on May 22, 2026, following the trading session, the company entered into a placement agreement with a placing agent. Under the agreement, the placing agent, acting on a best-efforts basis as the company's agent, will procure no fewer than six placees, all of whom are independent third parties, to subscribe for up to 104 million new shares at a placing price of HK$0.20 per share.

These placement shares will be allotted and issued under the general mandate granted to the directors at the company's extraordinary general meeting held on November 10, 2025. The maximum number of 104 million placement shares represents approximately 3.14% of the company's existing issued share capital and approximately 3.04% of the issued share capital as enlarged by the issuance of the placement shares.

The placing price of HK$0.20 per share represents a discount of approximately 20% to the closing price of HK$0.250 per share on the Hong Kong Stock Exchange on May 22, 2026, the date of the placement agreement. It also represents a discount of approximately 18.63% to the average closing price of HK$0.246 per share for the five trading days immediately preceding the date of the placement agreement.

Assuming the full placement of all 104 million shares is completed, the gross proceeds from the placement are estimated to be approximately HK$20.9 million, with net proceeds expected to be approximately HK$20.5 million. On this basis, the net price to the company per placement share is approximately HK$0.1967.

The company intends to use the net proceeds for the following purposes: (i) the cross-border e-commerce business; (ii) research and development and operational expenses for AI and Web3 infrastructure-driven electronic wallet payment solutions; and (iii) general working capital.