Changjiu Holdings Limited announced on 17 June 2026 a revised plan for the remaining HK$127.90 million of net proceeds raised from its December 2023 Hong Kong listing. The change follows board approval and reflects updated operational priorities and market conditions.

The initial listing generated net proceeds of approximately HK$254.10 million. As at the date of the announcement, HK$126.20 million had been utilised, leaving HK$127.90 million unspent. The board resolved to redirect these unutilised funds across eight areas, with full deployment expected by end-2027.

Key reallocations (HK$ million): • Defray day-to-day personnel costs: 35.10 • Deepen cooperation with third-party vendors and enhance R&D capabilities: 30.00 • Continuously improve service quality of the field marketing team: 22.00 • Improve automobile dealership operation management services: 16.50 • General business operations and working capital: 12.00 • Increase features of software products: 4.50 • Continue to improve digital information infrastructure: 4.80 • Expand online marketing and promotion capacity: 3.00

The revision replaces previously earmarked sums—most notably HK$52.30 million originally set aside for hardware and equipment upgrades in pledged-vehicle monitoring—with allocations better aligned to current strategic objectives.

Management cited the need to: • Enrich service offerings and bolster technology capabilities; • Grow and diversify the user base in China’s lower-tier cities; • Strengthen R&D partnerships and refine human-resource management; and • Maintain operational flexibility amid economic uncertainties.

The board confirmed no material change in the nature of the Group’s business and believes the reallocation optimises resource deployment without adversely affecting existing operations. Shareholders and potential investors are advised to exercise caution when trading the company’s shares.