GUOFUHEE (02582) has announced that all conditions under the placement agreement have been fulfilled, and the placement was completed on March 18, 2026, in accordance with the terms of the agreement. The placing agent successfully allotted a total of 4.909 million placement shares to no fewer than six placees at a price of HK$31.07 per share. The gross proceeds from the placement amounted to approximately HK$152.5 million, with net proceeds of about HK$148.5 million. The company intends to use the net proceeds as follows: (i) approximately 70% will be allocated for working capital and general corporate purposes to support the business operations and growth of the group; and (ii) approximately 30% will be used to repay outstanding amounts under existing credit facilities.