ALPHA PRO HLDGS (00948) announced that all conditions of the placement have been fulfilled, with completion taking place on November 14, 2025. The placing agent successfully allocated a total of 28 million placement shares to no fewer than six placees at the placement price of HK$0.24 per share. These 28 million shares represent 8.02% of the company's existing issued share capital. Following the placement, none of the placees became a major shareholder.

Under the placement and top-up subscription agreement, the seller will subscribe, and the company will allot and issue 28 million subscription shares to the seller at a subscription price of HK$0.24 per share (equivalent to the placement price).