XXF (02473) has announced the completion of the placement. According to the terms of the placement and subscription agreement, the placement agent successfully placed a total of 155 million shares at HK$0.82 per share to no fewer than six placees on a best-efforts basis on May 14, 2026. To the best of the directors' knowledge, information, and belief following reasonable inquiries, the placees and their ultimate beneficial owners are all independent third parties. As all conditions for the completion of the top-up subscription have been satisfied, the company allotted and issued 155 million top-up subscription shares to the vendor at HK$0.82 per share on May 19, 2026, in accordance with the terms of the placement and subscription agreement.