XTALPI (02228) announced that on August 29, 2025 (before trading hours), the company entered into a placing agreement with placing agents to place up to approximately 286 million placing shares through the placing agents at HK$9.28 per placing share.

Assuming all approximately 286 million placing shares are fully subscribed, the company expects to raise net proceeds of approximately HK$2.63 billion. The proceeds are intended to be used for continuous product iteration and upgrades to enhance research and development capabilities and solution capabilities; product commercialization and business development to strengthen business cooperation with external parties and partners engaged in similar and mutually beneficial industries to the Group, thereby expanding the company's scale and market share; and potential acquisition and investment opportunities, talent attraction and recruitment, working capital supplementation, and general corporate purposes.