On January 27, 2026 (before the trading session), the company entered into a placement agreement with the placing agents, namely Haitong International and Huatai International. According to the agreement, the placing agents, acting on behalf of the company, have conditionally agreed on an individual basis to procure no fewer than six placees to subscribe for 27 million placing shares at the placing price of HK$52.00 per share. The placing shares represent approximately 5.63% of the existing issued share capital as of the date of this announcement. The placing price of HK$52.00 per share represents a discount of approximately 11.1% to the closing price of HK$58.50 per share on January 26. Assuming all placing shares are successfully placed, the gross proceeds from the placement are expected to be HK$1.404 billion, with the net proceeds anticipated to be approximately HK$1.4 billion. The company intends to utilize the net proceeds as follows: (i) approximately 40% will be allocated to building mass production lines for the XR supporting business and purchasing metrology and inspection equipment, to advance potential future mass production projects towards commercialization. (ii) Approximately 20% will be used to continuously enhance R&D capabilities and establish a precision optical support center for the XR smart glasses business. (iii) Approximately 20% will be dedicated to expanding XR-related production capacity and smart manufacturing capabilities at the company's factory in Thailand. (iv) The remaining 20% will serve as general working capital to optimize the company's capital structure, provide reserve funds for potential mergers and acquisitions, and consolidate its leading position within the industry.