Jolimark Holdings Limited announced additional details of its planned placing of up to 122.58 million new shares at HK$0.11 each under its existing general mandate. If fully completed, the transaction will generate approximately HK$13.48 million in gross proceeds and about HK$13.00 million in net proceeds, equivalent to a net issue price of HK$0.106 per share.

Use of proceeds • Staff costs: Around 60% of the net proceeds, or HK$7.80 million, will fund staff salaries and benefits, with full utilisation targeted within two months of completion. • Procurement: The remaining 40%, or HK$5.20 million, is earmarked for day-to-day procurement outlays, including raw materials for printers, medical equipment and other products, and is expected to be fully used within one month of completion.

Post-placing shareholding structure (assuming full placement) • Total shares will rise from 612.88 million to 735.46 million. • Kytronics Holdings Limited’s stake will decline from 72.61% to 60.51%. • Public ownership remains compliant with Hong Kong Listing Rule 8.08, increasing marginally from 27.39% to 39.49% and incorporating a 16.67% holding by the new placees. • Existing public shareholder Kent C. McCarthy’s interest will decrease from 5.09% to 4.24% on a diluted basis.

The placing remains conditional on fulfilment of terms set out in the placing agreement. Shareholders and potential investors are advised to exercise caution when dealing in Jolimark shares until completion is confirmed.