Lianlian Digital Technology Co. Ltd. has announced the completion of the placing of 38,400,000 new H Shares under a General Mandate. The placement, which took place on July 21, 2025, raised approximately HK$387.25 million. The company plans to allocate 50% of the net proceeds towards innovation in technologies such as blockchain for the global payment sector, 30% for global business and license expansion, and the remaining 20% for general corporate purposes. The placement was conducted according to the terms set in the Placing Agreement, with all conditions precedent met, including approval from the Listing Committee.
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