FOLANGSI (02499) has announced that all conditions precedent have been satisfied, and the completion was finalized on May 11, 2026. Following completion, in accordance with the terms of the subscription agreement, 14.5 million H shares, representing approximately 4.00% of the company's enlarged issued share capital post-issuance, have been allotted and issued to the subscriber under a general mandate at a subscription price of HK$6.02 per share.

The gross proceeds from the subscription are approximately HK$87.3 million, with net proceeds amounting to approximately HK$86.8 million.