Ruihe Data Technology Holdings Limited (Stock Code: 3680) announced the completion of a placing of 108,334,000 new shares on 6 February 2026, fulfilling the relevant placing condition. The newly placed shares represent approximately 12.05% of the company’s issued share capital immediately following completion, placed at HK$0.783 per share. Net proceeds of around HK$84.29 million were raised.

According to the announcement, around 70% of the proceeds (approximately HK$59.00 million) is designated for repaying certain borrowings maturing from April to September 2026, as well as for general working capital expenditure. The remaining 30% (around HK$25.29 million) will be allocated to strategic investments related to the Group’s core business areas, excluding any investment directly or indirectly tied to cryptocurrencies or other crypto-based assets.

Following completion of the placement, the company’s total issued shares amount to 899,202,036. The largest public portion of 108,334,000 shares has been allocated to at least six placees, all of whom are said to remain below the substantial shareholder threshold post-placement. The company clarified that the placing fee payment constitutes a connected transaction under the Hong Kong Listing Rules, but the transaction is exempt from further reporting requirements given the fee scale.

Shareholders listed in the announcement following completion include the Chairman, certain directors, and other public shareholders. The company stated that it will continue to assess potential investment opportunities in line with market conditions and core operational strategies.