FUJIKON IND (00927) announced that all conditions under the placement agreement have been fulfilled, with the placing agent successfully placing a total of 85.166 million placement shares. The completion was effected on January 30, 2026. Pursuant to the terms and conditions of the placement agreement, the placement shares were allotted and issued to no fewer than six placees at a placing price of HK$0.54 per share, representing approximately 16.67% of the company's enlarged issued share capital immediately following the completion. The net proceeds from the placement amounted to approximately HK$44.19 million. The company intends to utilize the net proceeds from the placement as follows: approximately 45% (equivalent to about HK$19.88 million) will be used for the existing business operations and potential expansion of the group's headset and audio headphone business, including the purchase of machinery and equipment, as well as the renovation and expansion of the group's factory in Indonesia; approximately 35% (equivalent to about HK$15.47 million) will be allocated to the existing business operations and potential expansion of the group's accessories and parts business, including the purchase of machinery and equipment and factory renovation; and the remaining balance of approximately 20% (equivalent to about HK$8.84 million) will serve as the group's working capital, covering expenses such as employee costs, rental payments, general administrative expenses, and legal and professional fees, with all funds expected to be fully utilized by March 31, 2027.