BRETON (01333) announced that all conditions under the placement agreement have been fulfilled, and the placement was completed on November 24, 2025. A total of 10 million new H-shares (representing approximately 3.98% and 2.57% of the issued H-share capital and total issued share capital, respectively, after the placement) were successfully placed to no fewer than six placees at the placement price of HK$25.08 per H-share, in accordance with the terms of the placement agreement. The gross proceeds and net proceeds (after deducting commissions and estimated expenses) from the placement were approximately HK$250.8 million and HK$240 million, respectively.