Momentum Financial Holdings announced adjustments to its ongoing share placement, lowering the number of new shares to be issued and revising how the funds will be deployed.

• Placement size trimmed The maximum 104.27 million new shares originally mandated under the placing agreement has been cut to 68.94 million shares after demand assessment by the placing agent and sub-placing agents.

• Proceeds recalibrated Gross proceeds are now expected at HK$14.18 million, with net proceeds of approximately HK$13.90 million. This compares with the prior target of HK$21.00 million in net proceeds.

• Shift in fund allocation – Cross-border e-commerce businesses: allocation lifted to HK$10.90 million, representing 78.42% of net proceeds (previously HK$15.00 million or 71.40%). – General working capital (payroll, rental, and other operating expenses): HK$3.00 million, or 21.58% (previously HK$3.00 million or 14.30%). – R&D and operational spending for AI and Web3 e-wallet payment solutions has been removed from the current proceeds plan; future funding will be sought via separate capital-raising exercises.

• Deployment timetable Management targets full utilisation of the HK$13.90 million in net proceeds by 31 December 2026.

• Transaction status Completion of the placing remains subject to conditions precedent under the placing agreement. Shareholders and potential investors are advised to exercise caution when dealing in the company’s shares.