The placement agreement's stipulated conditions precedent have all been satisfied, and the placement was completed on January 21, 2026, following the trading hours of the Stock Exchange, in accordance with the terms and conditions of the placement agreement. The placing agent has successfully placed 57.6 million placement shares to no fewer than six placees at the placing price of HK$0.99 per share, representing approximately 16.67% of the company's enlarged issued share capital following the completion of the placement. The net proceeds from the placement amount to approximately HK$55.4 million. The net proceeds have been adjusted downward from the approximately HK$55.78 million disclosed in the announcement, primarily due to increased professional fees incurred to meet regulatory compliance requirements associated with the placement.