On November 18, KANGQIAO SER Group Limited announced adjustments to the use of its net proceeds. According to the announcement, the company's total net proceeds amounted to approximately HKD 628.9 million. As of June 30, 2025, HKD 318.4 million of the net proceeds had been utilized, leaving HKD 310.5 million unutilized.

The net proceeds were allocated primarily across four areas: selective strategic investments and acquisitions, investments in intelligent operations and internal management systems, diversification and expansion of services and product offerings, and working capital along with other general corporate purposes.

Breakdown of the utilized and unutilized proceeds: - Strategic investments and acquisitions: HKD 133.6 million utilized, HKD 275.2 million unutilized. - Intelligent operations and internal management systems: HKD 30.3 million utilized, HKD 32.6 million unutilized. - Diversification and expansion of services and products: HKD 93.7 million utilized, HKD 0.6 million unutilized. - Working capital and general corporate purposes: HKD 60.8 million utilized, HKD 2.1 million unutilized.

Disclaimer: The content and data herein are compiled from publicly available information and do not constitute investment advice. Verification is recommended prior to use.