CH DEMETER FIN (08120) has announced the completion of its share placement. All conditions under the placement agreement have been satisfied, with completion taking effect on May 15, 2026. In accordance with the terms of the agreement, a total of 27,104,500 placement shares, representing approximately 16.67% of the company's issued share capital as enlarged by the allotment and issuance of the placement shares, have been successfully placed to no fewer than six placees at a price of HK$0.60 per placement share.

To the best of the directors' knowledge, information, and belief, following reasonable enquiries, the placees and their ultimate beneficial owners (where applicable) are all independent third parties. No placee has become a substantial shareholder of the company as a result of the placement. The gross proceeds from the placement amount to approximately HK$16.26 million.

The net proceeds from the placement, after deducting related placement commissions and other expenses, are approximately HK$15.81 million. The company intends to allocate these funds as previously disclosed: (i) approximately 80% will be used to repay the group's outstanding loans and interest; (ii) approximately 10% will be used for developing agricultural products and related businesses, as well as the alcoholic beverages business in China, covering legal and professional fees, ongoing marketing expenses, and capital expenditures; and (iii) the remaining approximately 10% will be allocated to supplement the group's general working capital for employee costs, professional fees, and other operational expenses.