The placement agreement's conditions have all been satisfied, with the share placement concluding on June 29, 2026.

Pursuant to the terms of the agreement, a total of 1 billion placement shares were allotted and issued to no fewer than six placees at the placement price of HK$0.108 per share.

This issuance represents approximately 186.61% of the company's total issued share capital immediately before completion, and about 65.11% of the enlarged issued share capital following the allotment.

The net proceeds from the placement amount to roughly HK$106.6 million.

The company intends to allocate the net proceeds as follows: approximately 83.8%, or about HK$89.3 million, will be used to meet identified genuine needs for the expansion of the group's building intelligence business.

Approximately 16.2%, or about HK$17.3 million, of the net proceeds will be allocated for general working capital and general corporate purposes.