CMON Ltd. announced the completion of a placement of new shares under a general mandate. The company successfully placed 10,320,000 new shares, representing approximately 16.67% of its enlarged issued share capital, to not less than six independent investors at a price of HK$0.9500 per share. The gross proceeds from the placement are approximately HK$9.8 million, with net proceeds of about HK$9.4 million after expenses. The funds raised are intended for general working capital, including marketing and event participation. None of the placees became a substantial shareholder as a result of this placement.

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