Core Points - International Commercial Settlement (00147.HK) has completed all conditions precedent for the subscription agreement, with the subscription expected to be finalized by September 30, 2025 [1] - A total of 2.782 billion new shares will be issued at a subscription price of HKD 0.18 per share, representing approximately 13.69% of the company's total issued share capital prior to completion and about 12.04% of the enlarged issued share capital post-completion [1] Fund Utilization - The net proceeds from the subscription are expected to be approximately HKD 500.3 million, with plans to allocate the funds as follows: (a) up to HKD 50.3 million (about 10% of total proceeds) for general working capital, including salary-related expenses, leasing costs, professional fees, travel expenses, administrative costs, and other corporate expenses, expected to be fully utilized by September 2026 [2] - (b) up to HKD 4.5 billion (about 90% of total proceeds), with approximately HKD 4 billion earmarked for further investments in joint ventures and about HKD 50 million for other cryptocurrency-related businesses. Of the HKD 4.5 billion, 40% is planned for purchasing supercomputer servers, and 60% for i) hosting services provided by suppliers or their group companies, including controlled environment physical space, adequate server rooms, server locations and racks, power load and facilities, network facilities, cooling equipment, dust prevention equipment, security monitoring, and other necessary facilities for normal operations, and ii) maintenance costs, including electricity costs, expected to be fully utilized by September 2026 [2]