Core Viewpoint - The company announced the termination of Subscription Agreement B due to it being classified as a connected transaction under Listing Rule Chapter 14A, while Subscription Agreement A remains valid and will continue to be executed [1] Group 1: Subscription Agreements - Subscription Agreement B has been mutually terminated as of December 5, 2025, due to its classification under connected transactions [1] - The parties involved in Subscription Agreement B will be released from their respective obligations, but this does not affect any rights or obligations that arose prior to the termination [1] - Subscription Agreement A will continue to be effective, with total proceeds from this agreement expected to be approximately HKD 108 million, net proceeds around HKD 107.6 million after expenses, translating to a net issue price of approximately HKD 5.48 per share [1] Group 2: Use of Proceeds - The net proceeds from Subscription Agreement A are intended for general working capital, with approximately 70% allocated for AI computing power cloud services, 20% for project construction costs, and 10% for daily operational expenses [1] Group 3: Trading Resumption - The company has applied to resume trading of its shares starting from 1 PM on December 5, 2025 [1]
粤港湾控股：终止认购协议B 12月5日下午复牌