TOMO Holdings Ltd. has announced that it intends to use the net proceeds of approximately HK$39.5 million from its recent rights issue to support several strategic initiatives. The company plans to allocate around HK$22.5 million, or 57% of the net proceeds, to upgrade, expand, and develop its motor vehicle trading business. Approximately HK$10.2 million, representing 25.8% of the net proceeds, will be used to enhance the electronic accessories and upholstery business. The company will set aside HK$3.0 million, or 7.6% of the net proceeds, to cover increased operational costs associated with business expansion and to serve as a contingency for market risks. The remaining HK$3.8 million, about 9.6% of the net proceeds, is designated as general working capital for the group and is expected to be utilised by March 2026.