CMON Limited — Share Issue/Capital Change 2026

Feb 2, 2026

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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

CMON LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1792)

SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE SECOND SUPPLEMENTAL AGREEMENT FOR THE PLACING OF NEW SHARES UNDER GENERAL MANDATE

Placing agent

Reference is made to the announcement of CMON Limited (the "Company", and together with its subsidiaries, the "Group") dated 19 January 2026 and 2 February 2026 in relation to the placing of new Shares under General Mandate by the Company (the "Announcements"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as defined in the Announcements.

SECOND SUPPLEMENTAL AGREEMENT

On 2 February 2026, the Company and the Placing Agent entered into the second supplemental agreement to the Placing Agreement in relation to the amendment of the Placing Price (the "Second Supplemental Agreement"). Pursuant to the Second Supplemental Agreement, the Placing Price of the Placing has been amended to the price of not less than HK\$0.9500 per Placing Share (exclusive of any brokerage, SFC transaction levy and the Stock Exchange trading fee as may be payable) (the "Revised Placing Price").

Save as amended by the Second Supplemental Agreement, all other terms and conditions of the Placing Agreement and the Supplemental Letter remain unchanged and continue to remain in full force and effect.

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The Placing Price of HK\$0.9500 per Placing Share represents: (i) a discount of approximately 15.93% to the closing price of HK\$1.13 per Share as quoted on the Stock Exchange on the date of the Second Supplemental Agreement; and (ii) a discount of approximately 13.00% to the average closing price of approximately HK\$1.092 per Share as quoted on the Stock Exchange for the last five consecutive trading days immediately preceding the date of the Second Supplemental Agreement.

The net Revised Placing Price (after deducting the costs and expenses of the Placing) is approximately HK\$0.9109 per Placing Share.

The Revised Placing Price was arrived at after arm's length negotiations between the Company and the Placing Agent with reference to the prevailing market price and the recent trading performance of the Shares. The Directors consider that the Revised Placing Price and the terms of the Second Supplemental Agreement are fair and reasonable and are in the interests of the Company and the Shareholders as a whole.

REVISED USE OF PROCEEDS

As amended by the Second Supplemental Agreement, assuming all the Placing Shares are fully placed, the gross proceeds from the Placing will be HK\$9,804,000, and the maximum net proceeds, after deduction of the placing commission, professional fees and all related expenses which may be borne by the Company, from the Placing are estimated to be approximately HK\$9.4 million. The Company intends to apply the net proceeds in full from the Placing for general working capital as to (i) approximately HK\$2.350 million for marketing and events, including participation in trade fairs and promotional campaigns; (ii) approximately HK\$5.875 million for game development, including prototype design, content development and artwork creation; and (iii) approximately HK\$1.175 million for normal operation of its sales of board games, miniature war games and other hobby products business.

The Directors consider that the Second Supplemental Agreement is entered into upon normal commercial terms following arm's length negotiations between the Company and the Placing Agent and the terms of the Second Supplemental Agreement (including the Revised Placing Price) are fair and reasonable and are in the interests of the Company and the Shareholders as a whole.

Saved as disclosed above, all other information as set out in the Announcements remains unchanged and shall continue to be valid for all purposes. This announcement is supplemental to and should be read in conjunction with the Announcements.

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Shareholders and potential investors should note that the Placing is subject to the fulfillment of the conditions precedents under the Placing Agreement. As the Placing may or may not proceed, Shareholders and potential investors are reminded to exercise caution when dealing in the Shares.

By order of the Board CMON Limited Ng Chern ANN Chairman, Joint Chief Executive Officer and Executive Director

Singapore, 3 February 2026

As at the date of this announcement, the executive Directors are Mr. Ng Chern Ann and Mr. David Doust; the non-executive Directors are Mr. Frederick Chua Oon Kian and Ms. Li Xuejin; and the independent non-executive Directors are Mr. Wong Yu Shan Eugene, Mr. Choy Man and Mr. Leung Yuk Hung Paul.