Future Bright Mining Holdings Limited (2212) announced the completion of its placing of up to 210,651,840 new shares under a general mandate. All conditions to the Placing Agreement were fulfilled on 15 October 2025, and the transaction closed on 20 October 2025, resulting in 210,640,000 new shares placed at HK$0.133 per share. These new shares account for approximately 16.7% of the company’s enlarged issued share capital.

According to the announcement, the placing raised net proceeds of roughly HK$27.32 million. About HK$10 million (36.60%) will be allocated to capital expenditure for the Yiduoyan Project, and around HK$17.32 million (63.40%) will be reserved as general working capital.

Following the completion, the total issued share capital rose from 1,053,259,200 shares to 1,263,899,200 shares. Before the placement, principal shareholder Golden Convergence Holdings Group Limited (held by Ms. Wu Yan Nancy) held approximately 24.56%; afterward, it holds around 20.46%. Placees collectively hold 16.67%, while other public shareholders own the remainder. It was disclosed that none of the placees became a substantial shareholder upon completion of the placing.