Yufengchang Holdings (08631) announced that on January 16, 2026, following the close of trading on the Stock Exchange, the company entered into a placement agreement with a placing agent.

The agreement involves placing up to 8 million placing shares to no fewer than six placees through the placing agent.

The placing price is set at HK$0.39 per share, aiming to raise a maximum net amount of approximately HK$2.8 million.

The net proceeds are intended to be used for settling outstanding fees with professional service providers and other unpaid expenses, as well as serving as general working capital for the Group.