CARSGEN-B (02171) announced that the placement was completed on May 19, 2026, in accordance with the terms and conditions of the placement agreement. A total of 23.7 million placement shares were successfully allocated by the joint placing agents on a best-efforts basis to no fewer than six placees at a placement price of HK$19.84 per share. To the best of the directors' knowledge, information, and belief, following all reasonable inquiries, each placee and its ultimate beneficial owner are independent third parties and are not acting in concert with the seller. The gross proceeds from the subscription and the estimated net proceeds (after deducting all fees, costs, and expenses incurred in connection with the placement and subscription) are approximately HK$470 million and HK$462 million, respectively.