QPL International Holdings Limited has announced plans to place new shares under a general mandate to raise approximately HK$8.9 million. The net proceeds are intended to enhance the company's operational efficiency by acquiring new machinery and upgrading existing equipment. The main focus will be on renovating and updating their factory and production lines in the PRC. The company expects the completion of the placing to occur in the third quarter of 2025, with the funds primarily allocated for property, plant, and equipment upgrades, accounting for 94.4% of the total, while the remaining 5.6% will be used for general working capital. This initiative aims to address imminent funding needs and improve production processes in response to a challenging business environment.