NANSHAN AL INTL (02610) announced that the placing transaction was completed on January 26, 2026, in accordance with the terms of the placing and subscription agreement. A total of 31 million sale shares were successfully placed by the placing agent to no fewer than six placees at a placing price of HK$64.50 per share. As all conditions for the completion of the subscription were satisfied, the company allotted and issued 31 million subscription shares to the vendor on January 30, 2026, at a subscription price of HK$64.50 per share, pursuant to the terms of the placing and subscription agreement. Consequently, following the completion of the subscription, the number of shares held by the seller remained unchanged from the level immediately prior to the placing. After deducting all related fees, costs, and expenses incurred for the placing and subscription (including, but not limited to, legal fees and reimbursement expenses), the net proceeds from the subscription amounted to approximately HK$1.987 billion.