All conditions under the placement agreement have been fulfilled, with the completion of the placement taking place on January 26, 2026, in accordance with the terms and conditions of the agreement. Pursuant to the placement agreement, the company has allotted and issued 116 million placement shares at a price of HK$0.32 per share to six placees, all of whom are independent third parties unaffiliated with the company, WING YI, or their respective connected persons. This issuance represents approximately 6.21% of the company's issued share capital as of the date of this announcement, following the enlargement due to the allotment and issue of the placement shares. Immediately after the completion, none of the placees are considered a substantial shareholder of the company or a connected person of the company under Chapter 14A of the Listing Rules. The placees are restricted from selling any of the placement shares on or before May 31, 2026. The gross proceeds from the placement amounted to HK$37.08 million, while the net proceeds, after deducting placement commissions and other related costs and expenses, are approximately HK$36.71 million. The company intends to utilize the net proceeds from the placement to repay bank loans, specifically for the refinancing and amendment of terms under the group's existing bank loan facility.