CHAODA MODERN (00682) announced on December 1, 2025, that the company entered into a placement agreement with a placing agent. The company conditionally agreed to issue up to 32.95 million placement shares at HK$0.225 per share to independent third-party placees on a best-efforts basis.

Assuming no change in the number of issued shares between the announcement date and completion date, the maximum 32.95 million placement shares represent approximately 16.67% of the company's enlarged issued share capital. The placement price of HK$0.225 reflects a 15.09% discount to the closing price of HK$0.265 per share on the date of the placement agreement.

If all 32.95 million placement shares are fully subscribed, the gross proceeds are expected to be approximately HK$7.41 million, with net proceeds (after deducting commissions and related expenses) estimated at HK$7.19 million. The company intends to use the net proceeds for general working capital purposes.