FUJIKON INDUSTRIAL HOLDINGS LIMITED (00927) announced that on January 16, 2026 (after the trading session), the Company entered into a placing agreement with a placing agent. Under the agreement, the placing agent conditionally agreed, on a best-efforts basis, to place up to 85.166 million new shares to no fewer than six placees at a placing price of HK$0.54 per share. The placing price of HK$0.54 per share represents a discount of approximately 15.63% to the closing price of HK$0.64 per share as quoted on the Stock Exchange on the date of the placing agreement. The maximum number of placing shares represents approximately 20.00% of the total existing issued shares as of the announcement date, and approximately 16.67% of the total issued share capital as enlarged by the full allotment and issue of the placing shares (assuming no change in the Company's issued share capital from the announcement date to the closing date). The maximum net proceeds from the placing are expected to be approximately HK$44.19 million, intended to be used as follows: approximately 45% for the existing business operations and potential expansion of the Group's headset and audio headphone business, including the purchase of machinery and equipment, and the renovation and expansion of the Group's factory in Indonesia; approximately 35% for the existing business operations and potential expansion of the Group's accessories and parts business, including the purchase of machinery and equipment and factory renovation; and the remaining balance of approximately 20% will be used as the Group's working capital, covering employee expenses, rental payments, general administrative expenses, and legal and professional fees.