SINOHYTEC (02402) announced that all conditions under the placement agreement have been fulfilled, and the completion took place on December 23, 2025, in accordance with the terms of the agreement. The placing agent successfully allocated a total of 8.88 million placement shares at HK$22.68 per share to no fewer than six placees. This represents approximately 3.83% of the company's total issued share capital immediately before completion and about 3.69% post-completion as of the announcement date.

After deducting related fees and expenses, the gross proceeds and net proceeds from the placement amounted to approximately HK$201 million and HK$198 million, respectively, translating to a net issue price of around HK$22.27 per share.

The company intends to allocate approximately HK$178 million for repaying bank loans and HK$19 million for general working capital purposes.