Core Viewpoint - The company announced the termination of Subscription Agreement B due to regulatory constraints, while Subscription Agreement A remains effective and will provide approximately HKD 108 million in funding for operational purposes [1] Group 1: Subscription Agreements - Subscription Agreement B was terminated by mutual consent on December 5, 2025, due to its classification as a connected transaction under Listing Rule Chapter 14A, which could not proceed under general authorization [1] - Subscription Agreement A will continue to be valid, with total proceeds 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 will be allocated as follows: approximately 70% for AI computing power cloud service projects, 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(01396)：终止认购协议B 12月5日下午复牌