HONG KONG, March 19, 2025 — Santech Holdings Limited (NASDAQ: STEC) announced today that it finalized a share subscription agreement on March 17, 2025, securing additional funding for its operations. The agreement involves the Company issuing 112,000,000 restricted ordinary shares (the “Subscription Shares”) to Carmel Holdings Limited for a total of approximately US$1.0 million.

The issuance of the Subscription Shares was completed on March 19, 2025, following approval from all independent directors of the Board. The Company will receive approximately US$1.0 million from the transaction, which will be allocated to bolster liquidity and meet working capital demands.

Carmel Holdings Limited, governed by the laws of the British Virgin Islands, is controlled by Lawrence Wai Lok, the Chief Executive Officer of Santech Holdings Limited. The completion of this ordinary share issuance marks a significant step in the Company’s restructuring and business reorganization efforts.

About Santech Holdings Limited

Santech Holdings Limited (NASDAQ: STEC) operates as a consumer-focused technology company. Previously focused on serving high-net-worth clients in China with financial services and health management, the Company has since divested its historical financial services businesses. Currently, Santech is actively pursuing new and innovative opportunities within the technology sector, including new retail, social e-commerce, and the metaverse. More details are available at https://ir.santechholdings.com.

Safe Harbor Statement

This press release includes forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995’s safe harbor provisions. These statements are identifiable by terms such as “anticipate,” “estimate,” “forecast,” “plan,” “project,” “potential,” “continue,” “ongoing,” “expect,” “aim,” “believe,” “intend,” “may,” “should,” “will,” “is/are likely to,” “could,” and similar expressions. Forward-looking statements, which are not based on historical facts, involve the Company’s beliefs, plans, and expectations and are subject to inherent risks and uncertainties. Further information about these and other risks can be found in the Company’s filings with the SEC. The information provided in this release is current as of its date, and the Company assumes no obligation to update any forward-looking statement, except as required by law.

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