Group 1 - The company, China Smart Technology (01796.HK), announced a subscription agreement with subscriber Tan Win Sen to issue and allocate 16.7 million subscription shares at a price of HKD 3.0 per share, which represents a discount of approximately 2.6% compared to the closing price of HKD 3.08 on the Hong Kong Stock Exchange [1] - The total amount raised from the subscription is approximately HKD 50.1 million, with a net amount of about HKD 50 million intended for business cooperation with Guangzhou Xinglun Safety Industrial Co., Ltd. in the fields of industrial IoT, industrial software, and smart manufacturing, and/or for general working capital [1]