CHAMPION TECH (00092) has announced that, pursuant to the terms and conditions of the placement agreement, all conditions were fulfilled on January 28, 2026, and the placement was completed on February 3, 2026.

Under the placement agreement, the placing agent has successfully placed a total of approximately 113 million placement shares to no fewer than six placees, at a placing price of HK$0.177 per share.

The net proceeds from the placement, after deducting commissions, professional fees, and all related expenses, amount to approximately HK$19.5 million.

As the actual net proceeds from the placement (approximately HK$19.5 million) are lower than the estimated net proceeds previously disclosed in the announcements (approximately HK$34 million, assuming the maximum of 197 million placement shares were issued).

The Company intends to allocate all net proceeds for use as working capital for the Group's existing renewable energy business and existing green energy business, as well as for other investments when opportunities arise.