Dashan Education Holdings Ltd., a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange under stock code 9986, has announced a private placement of new shares under a general mandate. The company has entered into an agreement with a placing agent to facilitate this transaction. The maximum gross proceeds from the placement are expected to be HK$49.20 million, with net proceeds estimated at approximately HK$48.65 million after expenses. The company plans to allocate around 80% of the net proceeds for the development and expansion of its consulting services, including brand empowerment and strategic acquisitions, while the remaining 20% will be used as general working capital. Dashan Education Holdings Ltd. is primarily involved in offering extracurricular programs and overseas education consultation services, as well as diversified consultancy services for entities.