Dowway Holdings Limited has successfully completed a private placement of new shares under a general mandate. The company placed an aggregate of 12,000,000 shares at a price of HK$1.14 per share, amounting to approximately 8.82% of the existing issued share capital before the placement and about 8.11% post-placement. The gross proceeds from the placement totaled approximately HK$13.68 million, with net proceeds of around HK$12.88 million. The funds raised are intended for repayment of a promissory note, research and development costs for new business initiatives, and general working capital, including staff salaries and office expenses. The placement was conducted through a placing agent to at least six independent third-party investors, with none becoming substantial shareholders.